Breaking news: Markets plummet as trade war with China intensifies

The S&P 500 fell 3.5 percent by the closing bell.

View in browser April 10, 2025, 4:12 p.m. ET BREAKING NEWS Jeenah Moon/Reuters Stocks Dive Again as Angst Rises Over Trump's Trade War The S&P 500 fell 3.5 percent by the closing bell, erasing part of Wednesday's recovery, as fears grew that the worsening trade war with China will crimp growth. Follow live updates More coverage Here's what's in President Trump's plan to acquire Greenland. → The House passed a G.O.P. budget plan as a conservative revolt collapsed. → President Trump's last-minute U-turn on tariffs left advisers in the dark. → Sign up for the DealBook newsletter. Our columnist Andrew Ross Sorkin and his Times colleagues help you make sense of major business and policy headlines — and the power-brokers who shape them. Get it in your inbox Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018