Wall Street tumbles as 'Tariff Man' Trump throws markets into a tizzy


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If euphoria was the concern, you can stop worrying.


With trading finished for the weekend, the SP 500 has formally delivered its worst May return in seven years and second-worst since the 1960s, falling 6.6 per cent. Oil tumbled.


For tech traders watching the Nasdaq 100, the experience was only a shade less harrowing than the crash months of October and December. The Dow Jones Industrial average careened to a sixth weekly loss, the longest slump since 2011.


Donald Trump has extended his tariff diplomacy to Mexico - and markets don't like it.

Donald Trump has extended his tariff diplomacy to Mexico – and markets don’t like it.Credit:AP


Peace has been shattered, and for now, those voices calling for a 1990s-style melt-up have gone silent. As the US-China trade spat escalates further and Donald Trump threatens higher tariffs on Mexican goods, this month’s $US4 trillion global plunge is making dip-buying perilous.


Article source: https://www.smh.com.au/world/north-america/enough-is-enough-it-s-time-for-mueller-to-bring-out-the-big-guns-20180810-p4zwue.html?ref=rss&utm_medium=rss&utm_source=rss_world

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