President Donald Trump’s tariff hikes announced last week continued to roil global trade on Monday. Here's what to know.

The Dow, S&P 500 and Nasdaq fell sharply as the investor pushback over Trump’s tariffs continue to roil the global markets. Oil and Bitcoin also saw selling pressure. FOX Business is providing real-time updates on the markets,

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Live Updates Live Coverage Updates appear automatically as they are published. Japan's Stock Market Imploding 8:36 pm Japan’s stock market is open and the Nikkei 225 is falling fast, down 7.5%. Financials and semiconductors are leading losses as investors bet against companies with cyclical exposure.

The Dow, S&P 500 and Nasdaq are under pressure for a second day as global investors sell equities in response to President Trump’s sweeping tariffs against the majority of U.S. trading partners, including China who is retaliating.

Trump wrote on his social media platform that "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th."

Stocks fell sharply in early trading Monday, extending last week's massive sell-off, as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs.

President Trump's tariff plan is intensifying the trade war. The Dow Jones Industrial is spiraling by over 1,160 points, while the tech-laden Nasdaq Composite is suffering a 4.3% drop. Meanwhile, the S&P 500 is on track for its single worst performance in two years.