Global stock markets in meltdown on fears over Trump tariffs

That will continue, unfortunately

Over 50 countries have contacted the White House. Vietnam is willing to remove their tariffs completely.

All it means is that the Market recognizes the fact that the US has allowed trade "partners" to impose some pretty massive restrictions on US products while being able to sell their stuff without a penalty and now that is going to stop. Frankly, I don't know why anyone has a favored nation agreement with China, if for no other reason that absolute disregard for intellectual property. Now we need to repeal NAFTA and withdraw from the WTO.

The big US hedge funds seem to be deleveraging at a rapid pace. I assume that they don't believe this administration will make the same mistake made in 2008/2009 by bailing out the gamblers.