In a significant selloff, Wall Street experienced a sharp decline driven by newly announced tariffs by former President Trump and disappointing jobs data. The Dow Jones Industrial Average closed 500 points lower, with the S&P 500 and Nasdaq also falling sharply. Analysts suggest that the latest jobs report marks one of the worst economic indicators in the post-pandemic era, intensifying market jitters. Bond yields decreased as investors reacted negatively to the combination of tariff uncertainty and slowing job growth. Amidst these challenges, questions arise regarding the long-term implications of tariffs on the economy and the resilience of stock markets. The situation remains fluid as investors grapple with the interplay of economic indicators and trade policies.