The US stock market took a massive hit on Thursday after President Donald Trump announced sweeping new tariffs on major trade partners, sending shockwaves through global markets. The Dow Jones Industrial Average plummeted 1,204 points (2.9%), while the S&P 500 dropped 3.3%, and the Nasdaq fell 4.3%.
Big corporations like Apple (-8.2%), Amazon (-6.9%), and Nvidia (-4.9%) were among the hardest hit, with fears mounting over the economic fallout. Textile giants Nike, Macy's, and Gap also suffered double-digit losses after Trump imposed 34% tariffs on China and 20% on the European Union.
Analysts warn that retaliatory tariffs from other nations could fuel inflation, weaken the dollar, and slow economic growth. While Trump defends the move as a step toward "fairness in global trade," markets are bracing for uncertainty ahead.
Post a comment
Trump Announces a 90 Day Pause On The Global Tariffs!
Trump pauses tariffs for most but punishes China with a brutal 125% hike. As global...
“We’ll Go Nuclear If Attacked!” Iran’s Chilling Warning To Trump!
Iran warns of nuclear retaliation if attacked by the U.S. or its allies. As tensions...
Trump's Shocking Tariff Move!
On April 2, 2025, Trump's retaliatory tariffs could trigger a trade war. Countries like India...
India’s swift recovery from U.S. tariff shock: Here’s what’s fueling...
India has become the first major economy to recover from the global market downturn caused...
