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Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock

  • Asian shares fell due to US President Donald Trump's new tariffs, with the Thai index dropping 3.15% before a holiday weekend.
  • Trump approved tariffs of up to 46% on countries like China, Japan, and Thailand, effective April 9.
  • China plans to retaliate against Trump's tariffs, potentially threatening bilateral trade between the two major economies.
  • Thailand's economy may suffer losses of 359 billion baht due to these US tariffs, reducing GDP by approximately 1.93%, according to the University of the Thai Chamber of Commerce.
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Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock

·United Kingdom
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The Washington Post broke the news in on Thursday, April 3, 2025.
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