Breaking – Stocks tanked, crypto crashed and rebounded as Trump softens [Video]
Shock and whiplash: From tariff panic to rebound euphoria
Friday’s session delivered the kind of volatility that defines October markets.
A single Truth Social post from Donald Trump announcing plans to impose an additional 100% tariff on Chinese imports – alongside export controls on critical U.S. software – sparked instant global panic.
Within minutes, traders dumped risk assets. The Nasdaq 100 collapsed -3.6%, the S&P 500 slid over 2%, and Bitcoin dropped nearly 8% in sympathy. Safe-haven flows poured into gold and Treasuries, while oil sank below $74 on expectations of slower global demand.
China responded swiftly, warning of “corresponding measures” if the U.S. escalates.
The result: a Friday rout that erased nearly $700 billion…
