It was another day of chaos on Thursday as markets sank again after a short-lived rally . The optimism brought about by Donald Trump’s retreat on global “reciprocal” tariffs quickly evaporated amid investor fears over ongoing uncertainty. Near the end of a wild week – with the US imposing 145% tariffs on China and Beijing looking like it won’t back down – the markets are weary.
Stocks were even unresponsive to news on Thursday morning that the European Union announced it would suspend 25% retaliatory tariffs against US imports and new data showed inflation in the US cooled to 2.4% in March – both would typically be cause for optimism on Wall Street.
