Trump’s tariffs ignite steepest Wall Street sell-off since 2020 Covid crisis

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Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order.

Wall Street stocks sustained heavy losses, with the S&P 500 and Nasdaq Composite plunging by 4.8 per cent and 6 per cent respectively, hours after Trump announced the highest US tariffs for…