Stocks tumble on Wall Street as Donald Trump’s sweeping tariffs send shockwaves through global markets – business live

Always a sign that policy is working just great. The junta is supposed to be business friendly, and economists warned of this outcome, yet here we are.

Bloomberg have calculated that roughly $1.7 trillion was erased from the S&P 500 Index at the start of trading today.

That highlights just how much shareholder value is being wiped out by the fears that Donald Trump’s new tariffs could push the US into a recession.