Wall Street Breakfast: Trump Tariff Threats Spook Markets

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Investors are dumping risk in markets all over the world as an equity selloff takes hold following a tweet from President Trump that threatened to upend trade talks with China. With discussions moving "too slowly," tariffs on $200B worth of China-made goods will rise from 10% to 25% by the end of this week, and a similar levy on another $325B could be placed on China imports "shortly." The Shanghai Composite tumbled 5.6% on the news, Europe is down 2% at midday and Dow futures are priced for an over 500 point plunge at the open, marking the biggest single-day decline of the year for U.S. stocks.

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