Stocks Sink on Trump’s Latest Tariff Plans

What You Need To Know

• The S&P 500 lost about 1%, with megacaps getting hammered as Tesla sank 7.5%
• Higher tariffs being considered include levies of 25% on goods from Japan and South Korea, for instance.
• “Investors should be alert to headline risk over the next 48 hours,” said Fawad Razaqzada at City Index and Forex.com.