U.S. Stocks Plummet Following Trump's Tariff Announcement Amid Market Chaos
U.S. stocks face historic losses after Trump announces sweeping tariffs, raising fears of economic downturn, retaliatory measures, and higher consumer costs.
The Russell 2000 was dragged lower Thursday by names like Victoria's Secret and Urban Outfitters, which source a lot of products from other countries and could see significantly higher costs and lower margins from the tariffs.
Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market
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The sharp turn in prediction markets signaled more than just volatility—it marked a shift in sentiment, with many now viewing a recession as a coin flip rather than a distant risk.
Recession odds soar on betting markets as White House defends tariffs
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American consumers, feeling less confident about their financial futures this year, have already been pulling back on spending at restaurants as they tighten their budgets and prioritize only essential goods and services.
Fear that Trump tariffs will spark recession wipes out $2 trillion in value from US stock values
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Investors worldwide knew Trump was going to announce a sweeping set of tariffs late Wednesday, and fears surrounding it had already pulled Wall Street’s main measure of health, the S&P 500 index, 10% below its all-time high.
Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
NewsNation·6h·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.American consumers, feeling less confident about their financial futures this year, have already been pulling back on spending at restaurants as they tighten their budgets and prioritize only essential goods and services.
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
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The Dow Jones Industrial Average dropped well over a thousand points Thursday morning after U.S. President Donald Trump announced reciprocal and 10%-baseline tariffs.
Markets, U.S. allies react to White House’s new tariffs
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Still, many Americans disapprove of Trump’s approach to trade issues, with only about four in ten voters holding a positive view of the way he is handling the economy and trade negotiations, according to a poll from The Associated Press-NORC Center for Public Affairs Research released on Monday.
Markets Plummet After Trump Slaps Tariffs On World
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The political test will come if recession arrives first.
What will Trump do when his tariffs backfire?
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Despite investors fleeing and foreign countries seeking to impose retaliatory measures for Trump’s tariffs, Lutnick said Trump is the best person to change the trajectory of the American economy through new federal spending habits.
Lutnick to plunging markets: Let Trump run the global economy
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The new reciprocal tariffs — a tax on imported goods in response to existing tariffs will reach 34% for China.
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The markets are reeling from shock over Trump's tariffs.
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But experts warn that sharply ramping up tariffs on imports, coupled with any retaliatory measures from other nations, could drive up inflation, dampen spending by consumers and businesses, and hurt economic growth.
Dow Jones plunges more than 1,500 points as stock market reacts to Trump tariff shock
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Sadly for President Trump, his aggressive and preemptive victory tour could not convince the markets to agree that his controversial trade policy was a success, at least in the near term.
BREAKING: Stock Market NOSEDIVES at Opening Following Trump Tariff ‘Liberation Day’
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Zeroing out those imbalances would require the labor-intensive, low-wage work now being done in developing nations like Cambodia or Vietnam to instead be performed in the United States — a reversal that would likely make the average American worker poorer and crimp their spending power.
U.S. stocks plunge following Trump tariff shock
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Just as Trump tried to build a wall against illegal immigration during his first term in the White House, he's now erecting an economic barrier against global trade, in an effort to restrict imports and encourage domestic manufacturing.
U.S. stocks post deep losses on trade war fears over new tariffs
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The sweeping tariffs announced Wednesday, combined with other import levies, likely would plunge the nation and world into a deep recession if the Trump administration follows through on the plan, economists say.
The Daily Money: How's the stock market? Don't ask.
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But that uncertainty over how tariff talks will play out could continue to spell trouble for the stock market.
Dow plunges more than 1,500 points as Trump’s reciprocal tariffs threaten trade war
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Markets around the world tumbled on April 3 in response to U.S. President Donald Trump’s global reciprocal tariffs.
Global Markets Tumble After Trump Unveils Details of Sweeping Tariffs
Epoch Times·10h·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.Trump's tariffs aim to boost US manufacturing in the long term.
Trump hit US trading partners with sweeping tariffs. Some countries are prepared to hit back.
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The stock market is not the economy, but the reaction is an early, visceral demonstration of the fear the public has over rising prices, slowing growth and the possibility of a recession.
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This is going to be a disaster for our economy.
Schiff: Trump's Tariffs Are 'Going to Be a Disaster for Our Economy'
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The selloff hammered shares of some major multinational corporations with supply chains abroad.
US stock futures plummet in the wake of Trump's tariffs announcement
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Summary
In response to President Trump's sweeping announcement of new tariffs, U.S. stocks endured a historic plunge, with the Dow Jones dropping 1,679 points, the largest drop since COVID. Major companies such as Nike, Apple, and Amazon saw significant losses, fearing heightened costs for imported goods and potential recessions. Trump claimed the tariffs would restore U.S. manufacturing but elicited retaliatory threats from foreign leaders. Economists believe these tariffs may worsen inflation, hinder economic growth, and lead consumers to cut spending. Despite concerns, Trump remains confident about economic outcomes following the tariffs.
Perspectives
President Trump aims to revive the stock market in response to concerns about recent tariff announcements, which may impact consumer prices and corporate investments.
Market reactions to the tariff speech were severe, with significant drops in U.S. stock futures, indicating investor anxiety over potential economic disruptions.
There is uncertainty among investors regarding how Trump's tariff strategy will unfold and its potential long-term effects on U.S. trading relationships.
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