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Volatile Stocks Reverse Rally, End Lower Amid Trump Tariffs; China Vows “Fight To The End”
Media and tech stocks and broader markets say an early rally fade amid President Donald Trump's global tariffs.
Investors looking for cracks in a wall of tariffs were initially heartened as President Donald Trump and White House officials said the U.S. is open to negotiations with trading partners from Japan to South Korea and has been approached by some 50 nations as another wave of import taxes is set to hit on midnight Wednesday. which raise prices for companies bringing goods into the U.S. and will hit consumer pocketbooks, triggered a panicked, massive selloff in markets late last week and losses into Monday. Meanwhile, in a sideline, DOGE chief Elon Musk called Trump’s main advisor on trade and tariff hawk Peter Navarro a “moron” and “dumber than a sack of bricks.”
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