U.S. market sell-off resumes following Trump tariff pause

The market sell-off continues. Following a brief rally, yields are up, the dollar weakens and the Dow loses a further 1,000 points as the trade war fuels concerns about a potential recession in the U.S. Inflation data Stateside comes in better than expected for March. It’s the first consecutive monthly decline since 2020. European Commission President Ursula Von Der Leyen warns of digital advertising levies in the event U.S. trade talks should fail with counter-measures potentially extending to service imports.