Trump threatens even higher tariffs on China as his trade war sends markets teetering
www.nbcnews.com
Stock trading was volatile as investors sought a bottom after recent steep declines driven by the president's trade policy.

Summary

U.S. stock futures dropped sharply Sunday night following last week’s historic $6.6 trillion market wipeout, as Trump’s aggressive new tariffs roiled global markets.

S&P 500 futures fell 2.8%, Nasdaq 3.7%, and Dow futures plunged 900 points. Asian markets tanked; Japan’s Nikkei dropped over 6%.

Trump defended the tariffs, calling them a “beautiful thing” and vowing to reverse trade deficits. China retaliated with 34% tariffs.

Analysts warned of a potential economic contraction, rising unemployment, and severe impact on tech. Critics urged Trump to reconsider or risk economic disaster.