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CNBC Daily Open: Stocks tank globally as tit-for-tat tariffs begin

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S&P 500 fell 1.76% on Monday , its worst day since December , and is now in the red in 2025 .

Bitcoin sank below $ 90,000 , erasing its 10% gain from Trump 's announcement of a U.S. strategic crypto reserve.

China announced Tuesday an additional 15% tariff on US goods, and will restrict exports to 15 US . companies.

Taiwan Semiconductor Manufacturing will invest $100 billion in the U., Trump says.