6 charts show the chaos in markets after Trump's sweeping trade war escalation [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
US indexes were pointing sharply lower premarket. The dollar and bond yields also plunged. President Donald Trump's trade war has sparked chaos in markets. The president plowed ahead with sweeping tariffs, rolling out a fresh slate of new and reciprocal duties on America's top trading partners. The latest tariffs include a 10% baseline tariff on all countries, as well as an additional 34% reciprocal tariff on China and an additional 20% tariff on the European Union. Here are six charts that capture the impact on markets. The reaction on Wednesday evening was immediate, and futures were down sharply Thursday morning. The S&P 500 and Nasdaq Composite dropped more than 3%. The Dow Jones Industrial Average plummeted as much as 1,200 points. Markets fear that earnings growth will take a dire hit in the coming months, as multinational companies with large global supply chains struggle. Apple was one of Thursday's biggest losers, down 8% before the opening bell. Some of the ma
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