For the first time in a year, the S&P 500 closed below 5,000 points following the impact of the reciprocal tariffs announced by President Donald Trump last week.
Tensions between the United States and China are increasing as Trump imposed additional tariffs, bringing the latest tariff total on China to 104%.
The highest tariffs are said to have started on Wednesday, April 9 after China previously announced an additional 34% tariff on the United States.
On Tuesday, the benchmark index fell 1.6% with a loss of $5.8 trillion recorded in the market value of companies in the S&P 500 index following 2 consecutive days of losses at the end of last week.
The Dow Jones (DJI) fell 0.84% and the Nasdaq Composite (.IXIC) fell around 2.15%.
Investors do not see the situation of this tariff war tension easing in the near term, which could continue to affect global stock trading.
