Wall Street drops 20% below its record and markets reel worldwide as Trump digs in on his tariffs

NEW YORK (AP) — The losses are only worsening for financial markets worldwide as worries rise Monday about whether President Donald Trump’s trade war will torpedo the global economy.The S&P 500 was down 3.8% in early trading, coming off its worst week since COVID began crashing the global economy in March 2020. The index, which sits at the heart of many investors’ 401(k) accounts, has lost more than 20% since setting a record less tha