RawDiary

Trump Tariffs Slam Markets—Wall Street Plummets

President Donald Trump's sweeping reciprocal tariffs have triggered a massive market meltdown, marking the worst decline since 2020 and sparking fears of a global trade war. Economic giants and investors are bracing for further fallout as international allies signal retaliatory measures. The sudden policy pivot has upended financial systems and destabilized investor confidence across the globe.

24 Hours President Donald Trump announced sweeping reciprocal tariffs on imports from multiple nations, igniting a global trade war. Major U.S. stock indices plunged to their worst levels since 2020, sparking widespread market panic. International allies and economic leaders warn of retaliatory measures and long-term recession risks. The tariffs have prompted high-profile firings within the NSA and spurred political chaos in South Korea. Corporate leaders signal disrupted supply chains and rising consumer prices. Global investors brace as trade tensions escalate, endangering financial stability and economic growth worldwide. The aggressive policy marks a dramatic pivot in U.S. trade strategy, wreaking even further havoc.

Number 10% - Baseline tariff rate on global imports

Quote "There will be blood" — JP Morgan Economist