April 4, 2025 - 03:02
US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order. The announcement led to a dramatic sell-off, with the S&P 500 and Nasdaq experiencing significant losses. The Dow Jones Industrial Average fell over 1,200 points, marking one of its steepest declines in recent history.
Investors reacted swiftly to the news, fearing that the tariffs would escalate trade tensions and disrupt the already fragile global economy. Analysts predict that the tariffs could lead to increased costs for consumers and businesses alike, as companies may pass on the expenses to customers. This uncertainty has raised concerns about potential retaliatory measures from affected countries, further complicating international trade relations.
As the markets grapple with the implications of these tariffs, traders are closely monitoring developments and potential responses from other nations. The overall sentiment remains cautious, with many investors seeking safe-haven assets amidst the turmoil.
