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Date: 04-apr-2025
The U.S. stock market faced a massive sell-off on April 3, 2025, after former President Donald Trump announced an aggressive new wave of import tariffs. The Dow Jones Industrial Average plunged by 1,679 points, or 3.98%, closing at 40,545.93 — marking its worst day since 2020. The S&P 500 and Nasdaq also suffered steep declines, falling by 4.8% and 6% respectively.
Trump's latest move imposes a sweeping 10% baseline tariff on all imports entering the U.S. market, with much higher rates targeting key trade partners: 34% on Chinese goods, 24% on Japanese imports, 20% on European Union products, and a staggering 46% on Vietnamese goods. The announcement, branded as a “reciprocal tariff” initiative, triggered immediate concerns across financial markets and global trade circles.
The brunt of the crash was felt by technology and consumer goods stocks:
This massive pullback wiped out over $3.1 trillion from the markets in a single session, according to analysts, sending investors scrambling for safe havens like gold and Treasury bonds.
Economists are warning that Trump’s protectionist policy could lead the U.S. down a risky economic path. With inflation already posing challenges, these tariffs are expected to raise the prices of imported goods, hitting both businesses and consumers. The fear of stagflation — stagnant growth paired with rising prices — is now dominating financial forecasts.
“We are looking at a triple threat: slower GDP growth, rising inflation, and increased unemployment,” said a leading Wall Street strategist. “This could very well spiral into a recession by the second half of 2025 if not mitigated.”
Despite the historic market crash, Trump remained optimistic. “The markets are going to boom,” he told reporters on Thursday evening, adding that his tariffs are about restoring fairness and balance to global trade. However, investors remain skeptical, with volatility expected to continue in the coming days.
Investors and analysts will closely monitor:
For now, markets remain on edge as global trade tensions rise, and the broader implications of Trump’s tariff shockwave unfold.
Date: 03-Apr-2025
The new 26% reciprocal tariff imposed by the United States is expected to severely impact India's export economy, particularly in jewellery, agriculture, and electronics. Sectors brace for declining demand and shifting trade dynamics.
Date: 04-Apr-2025
The new 26% reciprocal tariff imposed by the United States is expected to severely impact India's export economy, particularly in jewellery, agriculture, and electronics. Sectors brace for declining demand and shifting trade dynamics.
04 Apr 2025
