Aus
Wall Street suffered heavy losses on Wednesday as tariff war sparked fears of global recession. While the S&P 500 suffered highest single day fall since 2020, the blue-chip Dow Jones Industrial Average lost 1,679.39 points or 3.98% to close at 40545.93 and the tech-heavy Nasdaq Composite dropped 5.97%, 1050.44 points ending at 16550.61.
While Multinational companies bore the brunt, Retailers dependent on imports were also hit hard.
In his bid to rejuvenate American industr...