Trump announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the E.U.

During Tuesday’s session, the S&P 500 finished about 0.4% higher, seesawing between gains and losses throughout the chaotic trading day.

President Donald Trump vowed Friday to stay the course on his sweeping tariffs plan, which sent U.S. financial markets into their steepest one-day decline Thursday since 2020 and prompted retaliation from some major trading partners.

President Donald Trump’s top economic advisers brushed off recession fears Sunday and said dozens of countries are looking to negotiate for better deals, after stocks tumbled last week following the announcement of stiff tariffs against nearly all of America’s trading partners.

US stocks were extremely volatile Monday as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted.

Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading,

U.S. stock futures plunged Sunday evening, an indication that the market turmoil that began last week will continue when trading opens Monday. Looming over the markets: The retaliatory actions that other countries are expected to enact as the American tariffs announced last week take effect.

U.S. stock futures opened sharply lower on Sunday evening, with contracts tied to the S&P 500 falling more than 5% during the opening minutes of trade as an ugly stretch for stocks looked set to worsen.

Major stock indexes plunged on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting interest rates as early as May.