The US stock market experienced notable declines this week as Treasury Secretary Scott Bessent confirmed that trade negotiations with China have not commenced, contradicting earlier statements from President Trump. The Dow Jones Industrial Average fell by 389 points (1%), the S&P 500 decreased by 0.8%, and the Nasdaq dropped 0.9%. Business Insider
This downturn was exacerbated by President Trump’s assertion that the US doesn’t “have to sign” any trade deals, reinforcing a hardline stance on tariffs. The resulting uncertainty has led major companies like Ford and Mattel to suspend earnings forecasts, citing potential financial impacts of $1.5 billion and $270 million, respectively. New York Post
Investor Takeaway:
The absence of progress in US-China trade talks and the administration’s firm position on tariffs are contributing to market volatility. Investors should monitor developments closely, as prolonged uncertainty may affect sectors reliant on international trade and supply chains.MarketWatch
