The U.S. stock market experienced a sharp downturn, wiping out nearly a year’s gains in days, driven by tariff announcements from President Trump. Major indices suffered severe losses: Dow Jones down 9.2%, S&P 500 down 10.5%, and Nasdaq down 11.4%, despite a positive jobs report. China retaliated with a 34% tariff on U.S. goods, overshadowing […]
Former President Donald Trump unveiled a new tariff policy, causing global market volatility. The “reciprocal tariffs” strategy mirrors half the rates of tariffs that other nations impose on U.S. goods, impacting economies like China and the European Union. The announcement triggered a market panic, erasing nearly $2 trillion from the S&P 500 futures’ market cap. […]
The announcement of President Trump’s tariffs caused a significant upheaval in global financial markets, leading to a $2.4 trillion loss in S&P 500 market value. The wealth of the 500 richest individuals fell by $208 billion, marking a historical decline in the Bloomberg Billionaires Index. Major companies and figures such as Mark Zuckerberg, Jeff Bezos, […]