Dow drops 2,000 points as Trump’s tariffs send markets tumbling for a second day – business live

US index sees biggest fall since June 2020 amid escalating global trade war as Beijing hits backwith new tariffs on US goodsChina hits back hard at ‘bullying’ tariffs as global recession fears growIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit