The stock market has seen the biggest daily fall since the Covid-19 period, as a result of Donald Trump's tariffs announced last week. 

Beijing responded with its own retaliatory tariffs, which caused the S&P 500 to fall another 6%. 

Craigs Investment Partners Director Mark Lister says it's a historic fall. 

"It's pretty rare for things to fall as much as that in a two-day period." 

Lister talks to Mike Hosking about where New Zealand sits in the aftermath. 

LISTEN ABOVE.