3 Apr 2025

Stock Markets Plunge After DJT Dramatically Escalates Tariff War

by Bonnie | | 0

Stock markets around the world plunged after Donald Trump’s “Liberation Day” speech launched a dramatic escalation of his tariff war against nearly every country except Russia.

Within the USA, stock markets closed:

Dow Jones Industrial Average: down 1679 points (almost 4%)
S&P 500: down 274 points (4.84%) on its worst day since the COVID pandemic’s onset took it down
Nasdaq Composite index: down 1050 points (5.87%)

USA stock markets lost about $2 trillion during the day, $5,882 for every man, woman and child in the nation.

In the UK, the FTSE 100 index closed down 133.74 (1.55%)

In Canada, the new Prime Minister Mark Carney said in a speech:

The global economy is fundamentally different today than it was yesterday. The system of global trade anchored on the United States…is over. Our old relationship of steadily deepening integration with the United States is over. The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services is over. While this is a tragedy, it is also the new reality.

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