Brief by Shorts91NewsDesk / 02:39pm on 03 Apr 2025,Thursday International
On April 3, 2025, U.S. stock markets suffered a sharp decline following former President Donald Trump’s announcement of sweeping new tariffs. The Dow Jones Industrial Average plunged by 1,100 points (2.6%), the S&P 500 dropped 3.3%, and the Nasdaq plummeted 4.3%. Major corporations with global supply chains, such as Apple and Nike, saw their shares fall by nearly 8% and 11%, respectively. The tariffs impose a minimum 10% levy on all imports, with harsher penalties for China, reaching up to 54%. Investors fear these aggressive trade policies could trigger a global economic slowdown and intensify trade tensions. (PC: WSJ)
