Tariff Crash Among the Largest Downturns in 21st Century

By Felix Richter – Statista

As markets across Asia and Europe went from bad to worse on Monday, Wall Street is bracing for another day of selloffs after President Trump showed no signs of backpedaling in the wake of last week’s tariff-induced market turmoil. After European stocks clawed back from steeper losses through the trading day on Monday, the S&P 500 opened at 4,954 points, down 2.4 percent from Friday’s close and 12.6 percent from Wednesday’s close, the last before Trump’s “Liberation Day” announcements. Depending on how the day unfolds, the index could clock the worst three-day loss since the financial crisis, when the S&P 500 plummeted 14 percent over three trading days in October 2008.