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US stocks
Joseph Maguire works on the floor at the New York Stock Exchange in New York, Tuesday, April 8, 2025. (AP Photo/Seth Wenig) (AP)
  • Governments and global markets are bracing for United President Donald Trump’s so-called “reciprocal” tariffs to take effect from 12:01 a.m. EST on Wednesday.
  • The US stock market fell sharply on Tuesday after Trump said import taxes on China would rise to 104 percent, with the benchmark S&P 500 and the tech-heavy Nasdaq Composite falling 1.57 percent and 2.15 percent, respectively.