US tariff threats : “news is a second gut-punch for markets”

Stocks tumble dramatically on potential trade war risks

Chris Beauchamp, Chief Market Analyst at IG: “It’s been weeks, if not months, since trade wars were really on the menu for markets, but today’s Truth Social tirade threatens to reignite the US-China standoff and shatters the calm that has prevailed since May. The Nasdaq 100 hasn’t had a 2% down day since April, and the news is a second gut-punch for markets that had just got over the French drama from earlier in the week. Now we have to wait to see if Trump follows through on his threat, and whether this marks a rerun of April’s stock market rout.”