Stock Market Crash Due to Trump's Tariffs
Wall Street experienced its worst two-day wipeout in history, with $6.6 trillion being wiped off the value of US stocks due to President Trump's tariffs, leading to fears of a global recession and widespread market turmoil.
Key Points
- Largest two-day loss of shareholder value ever recorded.
- Markets have seen bigger percentage drops in history but never as much in dollar terms.
- Stock prices likely to come down further if a global recession occurs.
- Investors advised not to panic sell but seek advice from financial experts.
Pros
- Strong jobs report with the US adding 228,000 jobs last month.
Cons
- Loss of $6.6 trillion in the value of US stocks over two days.
- Fears of a global recession due to trade war escalation.