Dow plummets 2,000+ points: China’s retaliatory tariffs of an additional 34% on all U.S.

BREAKING:

The Dow plummets 2,000+ points in Friday trading following China’s retaliatory tariffs of an additional 34% on all U.S. imports; now down 3,700+ points in past two days.Presidents typically see gains shortly after taking office.

Notably, markets increased in the first 100 days of Trump’s first term and Obama and Biden’s terms, ending up from 5% to 9% higher than their Jan. 20 values. Trump’s second term departs from this trend, at 75 days into his presidency the S&P 500 is down more than 14%.