Stock Market Plummets Amid Uncertainty and Tariffs
The US stock market is experiencing significant volatility as investors react to President Trump's revived tariff threats and potential tougher sanctions on China. The benchmark 10-year Treasury yield fell to its lowest level this year, amid growing concern that tariffs will weaken the US economy. Meanwhile, bitcoin tumbled below $90,000 for the first time since November, with crypto-related stocks facing significant pressure.
- The current market uncertainty highlights the importance of understanding the interconnectedness of global trade policies and their impact on the global economy.
- How will the ongoing trade tensions between the US and China affect the growth prospects of emerging markets and developing economies in the coming years?