Trump Threatens 100% Tariff on China, Causing Market Turmoil

Former President Trump has announced plans to impose an additional 100% tariff on Chinese imports starting in November, leading to significant declines in the stock market and the dollar. This escalation in trade tensions raises concerns about increased consumer prices and the potential impact on the global economy. The S&P 500 saw its steepest drop since April, reflecting investor anxiety over the implications of such drastic measures on U.S.-China relations and economic stability.