US-China Trade Tensions Impact Markets

Flaring trade tensions between the US and China rattled markets on Friday, leading to significant declines in stocks, oil, and cryptocurrencies. Investors flocked to Treasuries and gold as safe havens amid rising concerns.

Trump’s Tariff Threat Shakes Wall Street

President Trump’s warning of a “massive increase” in tariffs on China exacerbated market volatility. This came at the close of a tumultuous week characterized by fears of a bubble in artificial-intelligence companies.