Dow plunges 500 points after Trump blasts ‘hostile' China, threatens ‘massive' tariffs
New York Post·2025-10-10 16:41
US stocks nosedived Friday after President Trump threatened a “massive increase” of tariffs on China, accusing the nation of “becoming very hostile” in its rare earth restrictions.The Dow Jones Industrial Average plunged 518 points, or 1.1%, by approximately 12:25 p.m. ET, while the S&P 500 and tech-heavy Nasdaq fell 1.3% and 1.8%, respectively.Investors quickly grew fearful of heightened trade tensions as Trump appeared to cancel a planned meeting between himself and Chinese counterpart Xi Jinping later th ...