Wall Street tanks, $1.5 trillion erased after Trump tariffs
US stock markets nosedived on Friday after President Donald Trump announced a 100% tariff on all Chinese goods and export controls on critical software, reigniting fears of a renewed trade war. The Nasdaq fell 3.56%, Dow Jones 878 points, and S&P 500 2.71%, wiping out over $1.5 trillion in market value in a single day.