See every side of every news story
Published loading...Updated

Analysts: Trump tariffs ‘worse than the worst case scenario’ for tech investors

  • U.S. Stocks fell sharply following President Donald Trump's announcement of tariffs exceeding 10%, leading to a 3.6% drop in the S&P 500 and a loss of 1,300 points in the Dow Jones Industrial Average.
  • U.S. Stocks fell sharply on Thursday due to investor concerns over President Donald Trump's new tariffs, with the S&P 500 dropping 3.6% and the Dow Jones losing over 1,300 points.
  • Economists and lawmakers expressed concerns that tariffs are effectively a tax on American consumers, with Mike Pence stating, "the Trump Tariff Tax is the largest peacetime tax hike in U.S. History."
  • Analyst Bonawyn Eison described the tariff situation as "worse than the worst case scenario," indicating potential severe impacts on the economy.
Insights by Ground AI
Does this summary seem wrong?

22 Articles

All
Left
11
Center
2
Right
2
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 73% of the sources lean Left
73% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Fox News broke the news in New York, United States on Wednesday, April 2, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.