US stock markets experienced significant losses due to escalating tariff news. Despite initial gains, major indexes fluctuated throughout the day and ended in the red. The White House announced plans for increased tariffs on China, leading to a bearish market sentiment for the fourth consecutive day. Investors are eagerly seeking positive developments to reverse the current downturn. The volatile trading session was influenced by updates on trade negotiations with Japan and other allies, as well as retaliatory tariff actions between the US and China. President Trump hinted at progress in trade discussions with Japan, while tensions with China remain high following tariff increases on both sides. Market optimism waned as concerns over the economic impact of tariffs overshadowed hopes for potential trade resolutions.