Nasdaq Sinks 3.6% after Trump Renews China Tariff Threats

Core Viewpoint - President Trump's renewed tariff threats against China have led to a significant decline in the U.S. stock market, indicating heightened market volatility and investor concern over trade relations [1] Group 1: Market Reaction - The Dow Jones Industrial Average experienced a drop of 879 points, which is a decrease of 1.9% [1] - The S&P 500 index fell by 2.7% [1] - The Nasdaq Composite index saw a decline of 3.6% [1] Group 2: Triggering Events - The market was initially performing well in the morning before the president's announcement [1] - Trump's threat involved a "massive increase" in tariffs on Chinese goods, which was a direct response to China's plans to limit exports of rare earth minerals [1]