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.
Key Points
- President Trump's announcement of reciprocal tariffs led to a significant drop in global markets.
- The S&P 500, Nasdaq, and Dow Jones all experienced substantial declines, marking their worst performance in years.