Global markets experienced a tumultuous day as U.S. President Donald Trump’s tariff threats continued to weigh on investor sentiment. The S&P 500 sank 0.2 per cent, while the Dow Jones Industrial Average fell 349 points.
The market volatility came amid reports of a potential 90-day tariff pause, which briefly sent markets higher before the White House denied the claims. Trump later threatened to raise tariffs further against China, exacerbating market concerns about a global trade war.