U.S. stocks closed on Friday as President Donald Trump’s sweeping tariffs continue to rattle markets around the world.
Dow Jones Industrial Average I plunged in 2,100 points, or 5.5%, marked the sharpest decline since June 2020, while the Nasdaq Composite fell 5.6% and the S&P 500 fell 5.8%. This is the biggest decrease since June 2020.
Tariffs aim to “strengthen the US’ international economic status and protect American workers.” According to On a White House fact sheet released on Wednesday. The White House fact sheet further argued that “current global trading orders allow those using unfair trading practices to move forward while allowing those who play with the rules to be left behind.” (Related: “The Golden Age has begun”: March Employment Report Writes Great News for Trump)
The trader works on the floor of the New York Stock Exchange (NYSE) in New York City on April 4, 2025. The market extended its global sales on April 4th as countries around the world were caught up in President Donald Trump’s trade war, but the White House claimed that the US economy would win. After Trump’s tariff bomb, shockwaves tore markets in the US, Europe and Asia. (Photo by Timothy A. Clary/AFP: AFP by Getty Images)
China has already moved to retaliate against Trump’s tariffs and announced on Friday it plans to launch a 34% tariff on all imports from the US. This will take effect on April 10th. post About the true society that the country “did it wrong.”
“China got it wrong, they panic, Trump wrote in a social media post. (Related: Jerome Powell predicts that Americans will feel ripple effects from Trump’s global tariffs)
While Trump is holding it I insisted That stock market will become a “boom” in his economic policy, with many Americans beginning to get sour in the state of the US economy. The majority of voters, or 54% It disapproved Trump’s handling of the economy, with only 44% approved. According to To the NBC News vote, released on March 16th.
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