Monday proved to be an incredibly surreal day on Wall Street, and the moment when reality finally settled in: President Donald Trump’s trade war is real and shows no signs of abating.
After stocks made a precipitous tumble in the early hours of trading, the market began to rebound amid a news report that the Trump administration was considering a 90-day pause on its tariffs. But it turned out not to be the case, and the White House immediately swatted down the speculation, calling it “fake news.”
