The US stock market plunged on Friday after President Donald Trump threatened a new wave of tariffs on Chinese goods, reigniting fears of a full-blown trade war. The announcement sent shockwaves through Wall Street, wiping billions off market values and prompting investors to rush into safe-haven assets.
By the end of trading, the S&P 500 had dropped more than 2.5%, while the Dow Jones Industrial Average slid nearly 2%. The Nasdaq Composite was hit hardest, tumbling over 3% as tech shares faced heavy selling.
