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S&P 500 drops 6% and Dow plunges 2,200 to close the worst week since 2020

  • The Dow Jones dropped by 2,231 points, or 5.5%, marking the worst trading week since March 2020 due to uncertainty about President Donald Trump's tariffs.
  • China announced a 34% tariff on all U.S. Goods, responding to Trump's trade policies, which caused significant market reactions.
  • President Trump asserted that market uncertainty would be temporary and predicted a stronger economy following his trade policies.
  • White House Press Secretary Karoline Leavitt encouraged trust in President Trump, stating, 'This is a president who is doubling down on his proven economic formula from his first term.
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S&P 500 and Dow Jones plunge amid tariff tensions and oil slump

S&P 500 drops 6% and Dow plunges 2,200 to close the worst week since 2020 after China retaliates against Trump's tariffs.

·Sacramento, United States
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Forbes broke the news in United States on Friday, April 4, 2025.
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