U.S. markets suffered one of their worst days ever as President Donald Trump announced sweeping tariffs on imports from nearly all trading partners. This dramatic move led to a record plunge, with the Dow Jones dropping 1,679 points while the S&P 500 and NASDAQ fell by 4.84% and 5.97% respectively.
Major tech and retail giants such as Apple, Meta, Amazon, and Nike felt the brunt of the downturn. Analysts and global investors are closely watching these developments as they reflect the ripple effects of policy decisions on today’s fast-changing economic and technological landscape.
Despite the turbulence, President Trump remained optimistic, claiming that the markets and the economy are poised to "boom." This incident serves as a stark reminder of how swift policy moves can trigger significant shifts, impacting industries and investors across borders.
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U.S. markets plunge amid sweeping tariffs announced by Trump
cgtn.com
