US stocks fall again as ex-Fed chair decries ‘self-inflicted wound’ of Trump’s tariffs

Summary

U.S. stocks tumbled Thursday as market volatility continued after Trump’s abrupt 90-day tariff pause and raised tariffs on Chinese imports to 145%.

On CNN, former Treasury Secretary Janet Yellen called Trump’s economic policies the “worst self-inflicted wound” an administration had ever imposed on a “well-functioning economy.”

The Dow dropped 2.5%, Nasdaq 4%, and S&P 500 3.4%. Trump tried to defend the move as strategic leverage.

Critics condemned the chaos and raised insider trading concerns after Trump told subscribers it was a “great time to buy.”