Donald Trump tariffs: It’s another bloodbath on ASX200 after worst day for US stocks in almost five years

News Snapshot:

Aussie investors are in for another horror day on the local share market, with the leading index opening sharply lower following a tariff-induced bloodbath in the US overnight. The second day of the selloff on Australia’s S&P-ASX200 was sparked by the largest one-day percentage losses on US markets since 2020 — fuelled by fears President Donald Trump’s sweeping tariffs are about to upend the global economy and drag his country’s economy into recession. The S&P-ASX200 plunged almost 2 per cent in the opening minutes on Friday to 7705.6 points — down 155.10, and well off all-time records above 8550 hit...