Live: NYSE opening bell rings after Trump's tariffs

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Live: NYSE opening bell rings after Trump’s tariffs

Live: NYSE opening bell rings after Trump’s tariffs

The bell rang on the New York Stock Exchange and trading is under way again.

In the first few moments of trade the S&P 500 is down 3.4%. The Dow Jones is 3.1% lower, and the Nasdaq has fallen 4.1%.

US stock exchanges have opened, after another day of worldwide market turmoil sparked by Donald Trump’s tariffs.

In London, the FTSE 100 fell to its lowest level in a year – down by 6% at one point.

Meanwhile, European share prices plunge and Asian stocks see their worst drop in decades.

Trump remains bullish, telling people not to be “weak” or “stupid”. He also says tariffs – which are a tax on imports – are “bringing in billions of dollars a week”.

Donald Trump has just posted some more of his views on his Truth Social platform, telling his followers the US “has a chance to do something that should have been done DECADES AGO”.

He calls on people to not be “weak” or “stupid”, adding: “Don’t be a PANICAN (A new party based on Weak and Stupid people!)”.

US President Donald Trump’s tariffs have ignited wildfires across global stock markets, but does that mean we are heading for a recession?