Stocks Plunge In After-Hours Trade As Trump Confirms 100% Tariffs & Export Controls On China

The government shutdown continues, federal layoffs started en masse today, and President Trump dropped a tariff tape-bomb intraday, sending stocks and bond yields notably lower on the day (and for the week).

"Some very strange things are happening in China! They are becoming very hostile, ...One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration.