As the new week begins, the stock market is showing signs of further decline, driven by fears related to President Trump’s recent tariffs on imports. Futures on the S&P 500 dropped about 4%, following a notable 10.5% drop that marked the worst two-day fall since the COVID-19 pandemic began. Analysts warn this self-inflicted crisis could devastate the U.S. tech sector and inadvertently benefit China. With over $5 trillion erased from the market value and historical context suggesting dire outcomes, investor sentiment is severely shaken by these unfolding events.
"The unprecedented two-day drop of 10.5% in the S&P 500 signals a profound risk perception shift among investors in light of President Trump's new tariffs, reminiscent of past crises."
"Dan Ives predicts that the tariffs, if they remain, will not only decimate the U.S. tech industry but also empower China’s advancements in artificial intelligence."
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