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Stock Market $5 Trillion Dollar Short Fall!
Following President Donald Trump's April 2, 2025 announcement of a 10% universal import duty and higher tariffs on 57 countries, global financial markets reacted with historic losses. Within two days, the S&P 500 lost $5 trillion in market value—its worst drop since the 2020 COVID-19 crash. The Dow Jones plunged 2,231 points (a 5.5% decline), while the Nasdaq Composite dropped 5.8%, entering bear market territory.
These losses were largely driven by fears of a global trade war, intensified by retaliatory tariffs from countries like China. Major tech companies such as Apple and Nvidia saw a combined $470 billion wiped from their market caps. The financial sector was also hit hard, with banks like Saudi National Bank and Al Rajhi Bank losing nearly 6% each.
The impact extended globally: Germany’s DAX and France’s CAC 40 dropped more than 3%, Japan’s Nikkei fell 2.8%, and Saudi Arabia’s main stock index plummeted 6.8%, partly due to a 7% drop in oil prices.
Despite these disruptions, the Trump administration maintained that the tariffs would ultimately benefit the U.S. economy. Meanwhile, over 50 countries have contacted the White House to initiate trade talks in response to the new policy direction.
https://apnews.com/article/market-rates-trump-tariffs-d86db525c370e9da834e6dfb76e23b86
https://www.theguardian.com/us-news/2025/apr/03/trump-tariffs-stock-market
https://www.wsj.com/livecoverage/trump-tariffs-trade-war-stock-market-04-03-2025
https://www.wsj.com/livecoverage/stock-market-tariffs-trade-war-04-04-2025
https://www.reuters.com/markets/asia/global-markets-selloff-quotes-2025-04-04/
https://www.reuters.com/markets/global-markets-pix-2025-04-03/
https://www.reuters.com/markets/global-markets-trading-day-2025-04-04/
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