In a bold move, China increases tariffs on U.S. imports to 84%, escalating the ongoing trade war with the Trump administration. This retaliation comes after the U.S. imposed new levies, raising concerns about global economic stability.
Investors are left reeling as the Federal Reserve signals there will be no immediate rescue amid a looming bear market, exacerbated by President Trump's tariffs. With declines approaching 20%, market watchers are anxious about the future.
After a sharp decline that pushed the S&P 500 into correction territory, futures show signs of recovery. With tariffs causing uncertainty, investors are left wondering about the future of the market.
