Tesla CEO Elon Musk, Amazon founder Jeff Bezos, Oracle’s Larry Ellison and other top 10 richest billionaires lose $70 billion after Trump’s 130% tariff threat on China

Global markets experienced a significant downturn, with the world’s ten richest individuals losing nearly $70 billion in a single day. This selloff was triggered by President Trump’s announcement of a 100% tariff on Chinese imports and new software export restrictions, sparking investor fears of a renewed US-China trade war.