Wall Street plunge pushes ‘fear gauge’ to 8-month high after Trump's tariff sparks trade war with China

Wall Street's 'fear gauge' surged to eight-month high as US stocks plummeted following China's new tariffs on all US goods, escalating trade tensions after Trump's tariff announcement. Global markets suffered significant losses, with European and Asian indices dropping sharply. The market turmoil raised fears of a recession, despite strong US hiring numbers.