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TRADE WAR ALERT: Trump Blasts China, Stocks Plummet!
Hold onto your wallets, folks! The stock market is in turmoil after President Trump makes a bombshell accusation: China has broken the trade agreement! Just like that, fears of an all-out global trade war are back on the table!
Futures linked to the Dow Jones took a nosedive, dropping a hefty 174 points—that’s a staggering 0.4% slide! The S&P 500 and Nasdaq-100 didn’t escape the carnage, both plunging 0.6% as nervous investors brace for the unknown.
Why the panic? Just this morning, Trump unleashed a fiery social media post claiming that the Chinese have been up to no good, coupled with Treasury Secretary Bessent’s chilling admission that U.S.-China trade talks are STALLED! With these bombshells, the market is left reeling, desperate to know if a long-term deal is even in sight!
But wait—it gets worse! Legal battles are sending shockwaves through the trade policies. The Court of International Trade just halted most of Trump’s tariffs! But don’t breathe easy yet—an appeals court threw a stay on the decision, meaning those taxes can still bite until next week!
The Trump administration is scrambling for solutions, eyeing a move to impose new tariffs of up to 15% for the next 150 days, as rumors swirl about potential provisions under the Trade Act of 1974.
In an already shaky market stung by macroeconomic fears and looming recession worries, this latest twist has investors on edge. Yet, against the backdrop of this chaos, the S&P 500 has somehow slapped on over 6% gains this month! The Nasdaq has defied gravity, rocketing up 10%, while the Dow has clawed back about 4% in May.
Insights from experts suggest that while this momentum could last into summer, we’re on the cusp of a storm as hard data threatens to clash with this shaky optimism.
As if that weren’t enough, all eyes are glued to today’s fresh report from the Federal Reserve on inflation—will it add fuel to the fire or douse the flames?
Stay tuned, because in the world of stocks and trade, things can turn on a dime!
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