U.S. stock markets tumble after Trump says he's raising China tariffs to 100%

Oct 11, 2025 - 22:00

U.S. stock markets tumble after Trump says he's raising China tariffs to 100%

A trader is seated at a computer showing stock market graphics.

Stocks fell sharply on Friday, with the S&P 500 and Nasdaq suffering their biggest one-day percentage declines since April 10, while Treasury yields dropped and the U.S. dollar weakened as comments by U.S. President Donald Trump reignited worries over a U.S.-China trade war.

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