Reported 1 day ago
The S&P 500 experienced its most significant drop since the COVID-19 pandemic, plummeting 4.8% on April 3 and resulting in a total loss of $6.6 trillion over two days due to new tariffs announced by President Trump. These tariffs include a minimum 10% on all imports and vary by country, with the potential to push the U.S. economy into recession. Analysts foresee the average tariff on imports rising sharply and express concerns about prolonged negative impacts on economic growth and living standards.
Source: YAHOO