The Stock Market Got Crushed by President Trump's Tariffs. Is the Worst Yet to Come?

The S&P 500 (SNPINDEX: ^GSPC) tumbled 4.8% on April 3, the largest single-day decline since the stock market crashed at the onset of the COVID-19 pandemic five years ago. But the benchmark index fell even more sharply on April 4, bringing the total losses to $6.6 trillion in the last two trading days.The S&P 500 has now dropped 17% from the record high it reached less than two months ago, putting the index deep in market correction territory. That dramatic reversal in fortune was caused by an abrupt shift in U.S. trade policy, especially the "Liberation Day" tariffs announced on April 2.Specifically, President Donald Trump has already implemented a minimum 10% tariff on all imports, and he plans to impose more aggressive country-specific reciprocal tariffs on April 9. Listed below are the total import taxes the U.S. will charge its six largest trading partners once the new tariffs take effect:Continue reading

Apr 6, 2025 - 09:06
 0
The Stock Market Got Crushed by President Trump's Tariffs. Is the Worst Yet to Come?

The S&P 500 (SNPINDEX: ^GSPC) tumbled 4.8% on April 3, the largest single-day decline since the stock market crashed at the onset of the COVID-19 pandemic five years ago. But the benchmark index fell even more sharply on April 4, bringing the total losses to $6.6 trillion in the last two trading days.

The S&P 500 has now dropped 17% from the record high it reached less than two months ago, putting the index deep in market correction territory. That dramatic reversal in fortune was caused by an abrupt shift in U.S. trade policy, especially the "Liberation Day" tariffs announced on April 2.

Specifically, President Donald Trump has already implemented a minimum 10% tariff on all imports, and he plans to impose more aggressive country-specific reciprocal tariffs on April 9. Listed below are the total import taxes the U.S. will charge its six largest trading partners once the new tariffs take effect:

Continue reading