Trump's SHOCKING Tariff Announcement CRASHES US Stock Market!

2025-04-04 00:00:21.498

US stock markets experienced a dramatic downturn on Thursday following Donald Trump's announcement of widespread tariffs on numerous trading partners. The Nasdaq fell 6%, the S&P 500 dropped 4.8%, and the Dow lost 3.9%, marking the worst day for US markets since June 2020. Major companies like Apple and Nvidia saw massive losses. The US dollar also fell to a six-month low, and oil prices sank due to global slowdown concerns. The tariffs, ranging from 10% to over 20% for several countries, including China, the EU, Japan, and Taiwan, will take effect in early April. Despite the market turmoil and warnings from economists about the negative impact on consumers and the US economy, Trump remained defiant, claiming the tariffs would lead to a "golden age" for America. Major business groups, including the Business Roundtable and the National Retail Federation, strongly criticized the tariffs, predicting economic harm and job losses. A recent poll showed that only 28% of Americans believe tariffs benefit the economy.