Wall Street selloff raises worries about market downturn

Investor concerns about a potential market downturn intensified as Donald Trump revived tariff threats, causing a selloff on Wall Street after recent highs in the stock market.

• Wall Street experienced a significant selloff on Friday after Donald Trump threatened to hike tariffs, reversing gains made earlier in the week.
• The S&P 500 Index dropped sharply, reflecting investor fears that rising tariffs could disrupt trade, particularly with China and impact global markets.
• President of the Peoples Republic of China Xi Jinping is likely to be directly affected by these renewed tariff threats, which could strain U.S.-China relations.
• The selloff raised alarms among investors about the sustainability of the recent stock rally, especially as tensions with South Korea and China escalate.