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US Stocks Suffer Worst Day in Months as Trump Renews Tariffs on China
US markets sank sharply overnight on renewed tariff threats and persistent shutdown fears.
U.S. stocks slumped sharply overnight as renewed U.S.-China tensions rattled markets. The Dow Jones fell 870 points (1.9%), the S&P 500 dropped 2.7%, and the Nasdaq plunged 3.6% after President Trump warned of a “mass increase” in tariffs and hinted at canceling an upcoming meeting with President Xi. The remarks deepened investor anxiety amid a prolonged government shutdown and weak consumer confidence, triggering broad-based selloffs across tech, industrial, and consumer sectors.