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New China Tariffs Create Perfect Storm for Markets Amid Government Shutdown and AI Valuation Concerns

Apollo Global Management chief economist Torsten Slok warns new China tariffs announced during government shutdown and AI valuation debate create “perfect storm” for markets. $2 trillion in stock value erased following Trump’s tariff announcement.

New China tariffs announced during an ongoing government shutdown and escalating debate about AI stock valuations have created what one top economist calls a “perfect storm coming together” for financial markets. President Donald Trump‘s additional 100% tariff on China erased approximately $2 trillion from stock markets on Friday, with the announcement coming at what analysts describe as the worst possible moment for investor confidence.

Market Impact of New Tariff Announcement