Reported 2 days ago
On April 3, 2025, U.S. markets reacted dramatically to President Trump's newly implemented tariffs, resulting in significant declines across major indexes, the dollar, and oil prices. The S&P 500 saw its worst day since June 2020 with a 4.8% drop, while analysts expressed concern over recession risks and a potential economic slowdown. The market turbulence reflects investor shock and fears of broader economic impacts, particularly as China faces challenges in responding to these tariffs without risking a currency devaluation.
Source: YAHOO