Brief by Shorts91NewsDesk / 02:51am on 05 Apr 2025,Saturday International
On April 5, 2025, former U.S. President Donald Trump reaffirmed his pro-tariff stance despite a massive $5 trillion drop in global market value over two days. Markets reacted sharply to China’s 34% retaliatory tariffs on U.S. imports, set to take effect April 10. Trump dismissed investor concerns on Truth Social, claiming big businesses aren’t worried and a “BIG, BEAUTIFUL DEAL” will boost the economy. The S&P 500 fell 6%, Nasdaq 5.8%, and Dow Jones 5.5%. Meanwhile, Fed Chair Jerome Powell warned of inflation risks and economic slowdown, but Trump demanded interest rate cuts, insisting, “ONLY THE WEAK WILL FAIL!” (PC: CNN)
