Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.

President Donald Trump's tariffs were expected to be a problem for markets and the economy, but a manageable one. What actually emerged, though, has been economic and geopolitical mayhem. Markets recoiled at the developments,

Tariff uncertainty is likely to loom over the U.S. stock market for a while as countries negotiate lower tariff rates or retaliate. Against this backdrop, most analysts agree investors should take the long view and focus on fundamentals.

The Dow fell 10% from its record closing high in December, putting it on track to confirm a correction on Friday, after China retaliated with fresh tariffs a day after the Trump administration announced sweeping levies on trade partners.

The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.

Fallout from the Trump administration's aggressive global tariff regime continues to hit global markets and frustrate geopolitics, while the president has shown no signs of backing down. China hit back at Trump's punitive 34% tariff with its own levy of the same percentage on U.

President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress.

Stocks dropped sharply for a second day after China set retaliatory tariffs countering President Trump's own steep import duties.

China slapped a 34% tariff on U.S. goods starting April 10 in retaliation to Trump's tariff plans. Global markets tumble as the trade war begins. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.