Businesses, investors and the Fed are all operating under a cloud of uncertainty from Trump’s tariff policy. The latest moves give 66 countries, the European Union, Taiwan and the Falkland Islands another seven days, instead of taking effect on Friday, as Trump stated earlier.

Amazon shares were worst hit while apple also warned against the adverse effect of tariffs on cost. Analysts believe that weak job data will push fed act swiftly to cut rates.

Stocks are slumping on Wall Street and Treasury yields are falling sharply after the government reported a sharp slowdown in hiring last month