Major stock exchanges continued to crash on Monday after United States President Donald Trump shared new comments regarding his foreign trade policy. The US head of state warned China that should it go ahead with its retaliatory measures, it would be slapped with an additional 50% tariff. Global markets have been in disarray since April 2, when the new US duties were announced. Earlier today, a fake report on potential tariff delay brought a brief respite to investors, but the White House’s denial of the news quickly pushed markets back into the red territory. The Dow Jones slid 1,075 points or 2.80% at 11:29 am ET. A minute later, the Nasdaq 100 plunged 1.77% and the S&P 500 nosedived 2.11%.