Donald Trump’s announcement of major tariffs on global trade partners caused a dramatic $2 trillion loss in the stock market within just 25 seconds.
The tariffs, affecting up to 60 countries, led to sharp declines in global stocks and a significant drop in the US dollar, which hit a six-month low. European markets, including the FTSE 100 and Germany’s Dax, fell by over 1%, while Japan’s Nikkei dropped 3.3%. Tesla, Apple, and Nvidia were among the hardest hit, with their stock prices plummeting. Critics on social media blamed Trump for the market’s collapse, with many calling the situation predictable. The tariffs, seen as a negotiation tactic, have created uncertainty, pushing investors towards safer assets like gold, which reached a record high of $3,167.50. Analysts warn that the market may continue to suffer as negotiations unfold.
https://x.com/SundaeDivine/status/1907655250615427457
