Reported 1 day ago
Wall Street experienced a sharp decline in stock prices following President Trump's unexpected announcement of steep reciprocal tariffs on various trading partners, with tariffs on Chinese imports reaching 34% and those from the EU at 20%. Market analysts expressed that the tariffs were more severe than anticipated, raising concerns about a potential recession. Major tech stocks saw significant drops, and analysts are wary of how long these tariffs will remain in place and their possible repercussions in international trade.
Source: YAHOO