Market Meltdown: Trump’s 100% Tariff Threat Wipes Out $2 Trillion – Stocks & Crypto in Chaos
U.S. stocks lost $2 trillion in value after President Trump threatened tariffs of up to 100% on all Chinese imports, sending the S&P 500 down 2.7% and the Nasdaq 3.6%. Beijing warned of retaliation and urged talks. Gold surged toward $4,000 an ounce, while oil and crypto prices plunged. Rare-earth mining shares jumped on China’s export controls.