Global Market Decline Due to Trump's Tariff Announcement

Global markets closed down around 4% after President Donald Trump announced reciprocal tariffs on trading partners, causing the S&P 500 to fall 4.8%, Nasdaq to fall 6%, and the Dow Jones to decline 4% — all the worst since 2020 and 2022 respectively.

Reciprocal Tariffs Briefing at the White House

Karoline Leavitt, Trump's Press Secretary, speaks about reciprocal tariffs against other countries at the White House briefing. The tariffs are in response to other nations imposing tariffs on the United States for years.

President Trump's Declaration of Liberation Day and Implementation of Reciprocal Tariffs

President Trump declares Liberation Day and implements reciprocal tariffs to level the international playing field for American workers and businesses, facing short-term disruptions to restore American prosperity. The administration is taking a whole-of-government approach to bring down inflation and lower prices, while fighting against trade barriers with other nations.