The U.S. stock market suffered another dramatic selloff on Monday, April 7, as investors reacted sharply to President Donald Trump’s threat of escalating tariffs on China. The Dow Jones Industrial Average tumbled 1,000 points during the session, marking a historic three-day losing streak and intensifying concerns over a deepening global trade war.
This decline follows a staggering 2,231-point loss on Friday, making it the first time in history that the Dow has shed over 1,500 points on consecutive days. The S&P 500 plunged 6% on Friday alone, its worst single-day performance since March 2020, and is now down 10% over two sessions, teetering near correction territory.
The Nasdaq Composite officially entered bear market territory, having fallen 22% from its peak. It dropped nearly 6% on both Thursday and Friday, underscoring broad-based tech sector weakness.
Trump’s aggressive stance came in a Truth Social post, where he blasted China’s retaliatory tariffs of 34% and warned that the U.S. would impose an additional 50% in levies if Beijing doesn’t back down. Trump declared that “all talks with China concerning their requested meetings with us will be terminated!”
Despite the market turmoil, the White House doubled down on the tariffs, with no signs of pulling back, fueling investor unease across Wall Street.
