US stock futures took a hit as China retaliated with new tariffs, creating global market chaos and considerable equity declines. Critics point fingers at Trump’s trade strategies for causing economic uncertainty and layoffs. Concerns were raised over Trump’s media venture selling shares ahead of the tariffs. Trump remains optimistic about a market recovery as he plans to implement more tariffs starting Saturday.
China’s new tariffs trigger US stock futures plunge; Trump’s trade tactics blamed for turmoil. Market rebound predicted.
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