Trump's SHOCKING Tariff Announcement Sends Markets into FREEFALL!

2025-04-03 18:00:19.477

President Donald Trump announced sweeping 10 percent tariffs on all nations, sending shockwaves through global markets. The Dow Jones Industrial Average plunged 1,150 points (2.7%), the S&P 500 dropped over 3%, and the Nasdaq fell more than 4.2%. The tariffs, described by Trump as part of a "Liberation Day," target approximately 60 countries deemed "worst offenders," including China. Some countries face reciprocal tariffs as high as 50 percent. The Senate passed a resolution opposing Trump's tariffs against Canada, with four Republican senators joining Democrats. The World Trade Organization warned that the tariffs could contract global merchandise trade volumes by 1%. The UK is preparing a list of US goods for potential retaliatory tariffs. Amidst the economic turmoil, criticism of the tariffs mounted, with Senator McConnell calling them a "tax on everyday working Americans." The announcement also sparked late-night comedic commentary, with Stephen Colbert joking about Americans being liberated from the "tyranny" of foreign goods.