RawDiary

Trump tariffs slam markets — $3.1T lost, worst day since Covid

President Trump's sweeping tariff announcement sent global stocks into freefall, erasing trillions in market value and stoking fears of a recession.

24 Hours President Trump’s sweeping reciprocal tariffs have plunged global markets and rattled domestic industries. Stocks fell sharply, with indices suffering their worst day since Covid. The tariffs target allies and adversaries alike, igniting a trade war that threatens manufacturing, supply chains, and consumer prices. Bipartisan efforts in Congress now seek to reclaim tariff authority while high-ranking officials face dismissals. Global leaders condemn the measures as reckless, warning of economic slowdown and recession risks. Critics decry Trump’s unilateral policies as disruptive and economically damaging. Markets remain volatile as investors brace for continued turbulence and uncertain future outcomes. Tariffs reshape our economic landscape.

Number 25% - Auto tariffs pressure manufacturers.

Quote "Tariffs are a double-edged sword." — Sen. Ron Johnson