After Trump nicknames himself "Tariff Man" the stock market plunges

Over the weekend it seemed like a solid trade agreement – putting the trade war on hold for 90 days – had been made between the United States and China. And then Trump couldn't resist Twitter, where, over a few posts, he warned that if the deal didn't happen, he was a "Tariff Man." Following his toxic tweets, the Dow Jones industrial fell 705 points, or nearly 3%. The Nasdaq fell 3.1%.

According to The New York Times:

Stocks fell on Tuesday, after President Trump sowed confusion over the status of a truce in the trade war between the United States and China, while the bond market, often considered a safe haven for investors, sent a stark warning about expectations for an economic slowdown.

The S&P 500 dropped more than 3 percent, with economically sensitive financial and transportation stocks sliding.

And via Business Insider:

While stocks had already given up a significant amount of their post-G20 gains, the tweets appeared to confirm investors fear that the Trump deal may not have been as solid as it first seemed and trade-war dangers still loomed.

Image: By Gage Skidmore, CC BY-SA 2.0, Link