US stock market sinks lower after wild swings over Trump’s tariff plans | Financial Markets

US president threatens additional 50 percent tariff on China, as Beijing pledges to fight trade salvoes ‘to the end.’

US stocks have mostly closed lower after a day of wild swings in the market, as investors scramble to make sense of United States President Donald Trump’s tariff plans.

The benchmark S&P500 and Dow Jones Industrial Average on Monday fell 0.23 percent and 0.91 percent, respectively, racking up a third conservative day of losses.

The tech-heavy Nasdaq Composite finished…