Brief by Shorts91 Newsdesk / 07:34pm on 04 Apr 2025,Friday International
Global markets plunged for the second consecutive day as US President Donald Trump's new tariffs sent shockwaves through the financial world. The FTSE 100 dropped 4.9%, its worst fall since March 2020. U.S. indices also suffered: Nasdaq fell 5.7%, S&P 500 down 5.71%, and Dow Jones dropped 4.98%. China announced a 34% retaliatory tariff on U.S. goods, escalating tensions. Investment analysts warn the $4.9 trillion market loss since Trump’s “Liberation Day” speech reflects massive uncertainty. Firms like Apple and Nike were hit first, but the selloff has spread across sectors. “People are just selling straight to cash,” said Horizon Investments' Mike Dickson. (PC: BBC)
