US EditionUS stock market drops sharply in early trading after Trump unveils global tariffs
- US markets fell sharply following President Donald Trump's announcement of a 10% minimum tariff on all imports, which contributed to a significant downturn in global markets and consumer costs.
- The Dow dropped more than 1,100 points, marking its worst day since September 2022, according to CNBC.
- Financial pundit Ross Gerber described the tariffs as a 'disaster of idiocy,' raising concerns about the long-term impact on trade and pricing in America.
- The US dollar weakened significantly, losing over 2% against major currencies, marking its lowest level of the year, reported by the Wall Street Journal.
407 Articles
407 Articles
Stocks plummet as a result of Trump’s tariffs
The introduction of tariffs, as announced by President Donald Trump on April 2, has caused investors to go into a tailspin, resulting in losses of an incredible $4 trillion (€3.6 trillion) in market value. This is compared with the peak of the S&P 500 just under a month ago when Wall Street appeared to be full of optimism about Trump and his policy agenda. Conversely, the introduction of new… Source
The Dow Jones Industrial Average fell by more than $1,600 at one point, the biggest intraday drop this year.
[NHK] Immediately after trading began on the 3rd, sell orders swelled across a wide range of stocks, including retail, and the Dow Jones Industrial Average temporarily dropped to 1,600 dollars...
Stocks are cratering after tariffs. Here's what's next for markets.
Drew Angerer/Getty ImagesInvestors hate the trade war.Stocks crashed on Thursday in reaction to sweeping tariffs unveiled by the White House.Markets are in uncharted waters, and the path ahead is deeply uncertain.Investors have made their opinion clear: they hate the trade war.After crashing at the open, the market rout deepened as Thursday's session dragged on. As of 1:45 p.m. ET, the Dow was down over 1,200 points, the Nasdaq Composite fell 5%…
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