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Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Trump’s tariffs continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Trump’s tariffs continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

If Trump's latest tariff threats are actually applied, however, neither current stock market estimates nor valuations are sustainable, and most investors are unprepared for that, Pearkes said.

Trump's One Big Beautiful Bill and sweeping tariffs are creating rifts in the stock market. Here's what to invest in, according to Morgan Stanley.

Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.