US EditionUS stock market drops sharply in early trading after Trump unveils global tariffs
- The stock market fell sharply after the announcement of a 10% minimum tariff on all imports by President Donald Trump, leading to global market declines and concerns about higher consumer prices.
- The Dow Jones dropped over 1,100 points or 2.7%, marking its worst day since September 2022.
- Scott Gerber expressed serious concerns about the tariffs causing 'complete and utter sort of destruction of the system of trade that we’ve had for a very long time'.
- The US dollar weakened, losing more than 2% against major currencies, indicating a decline in confidence from foreign investors.
400 Articles
400 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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