India, April 10 -- The US stock markets fell again on Thursday after gaining big on President Donald Trump's reprieve on tariffs to most countries on Wednesday, April 9.

The stocks gave back much of their historic gains from the day before as Wall Street weighed a trade war that has cooled in temperature but is still threatening the economy.

The S&P 500 fell 5.8 per cent, while the Dow Jones Industrial Average dropped 1,746 points. The Nasdaq composite sank 5.8 per cent by midday.

The positive inflation report also did little to cheer up the market as the gloom of the tariff war remained. Losses for stocks accelerated after the White House clarified that Chinese imports will be tariffed at 145 per cent, and not the 125 per cent rate th...