US stock market loses US$4 trillion in value as Trump ploughs ahead on tariffs
A barrage of new Trump policies has increased uncertainty for businesses, consumers, and investors, notably the back-and-forth tariff moves against major trading partners like Canada, Mexico, and China.
President Donald Trump's tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion from the S&P 500's peak last month, when Wall Street was cheering much of Trump's agenda.
A barrage of new Trump policies has increased uncertainty for businesses, consumers, and investors, notably the back-and-forth tariff moves against major trading partners like Canada, Mexico, and China.
"We've seen clearly a big sentiment shift," said Ayako Yoshioka, senior investment strategist at Wealth Enhancement. "A lot of what has worked is not working now."
The stock market sell-off deepened on Monday. The benchmark S&P 500 fell 2.7 per cent, its biggest daily drop of the year. The Nasdaq Composite slid 4 per cent, its largest one-day decline since September 2022.
Read More: Here