US Markets Tumble: Donald Trump’s new tariff spark largest dove wipeout since 2020

Wall Street faced its worst day since the 2020 Kovid accident, as US stocks dropped on Thursday, on foreign imports, President Donald Trump shed more than $ 2 trillion in the market price after a comprehensive tariff by President Donald Trump. S&P 500 lost 4.8%, Dow Jones Industrial Average more than 1,600 points (4%), and Nasdaq declined by 6%, promoting investors confidence and recession concerns.
Economists warned of prolonged economic uncertainty as businesses were motivated for high costs and potential retrenching measures. Retailers, take firms, banks and airlines gathered the celloffs, in which major companies see a decline in double digits. “This is a game changer, not only for the American economy but also for the global economy,” Fitch rating Olu Sonola said, predicting a high risk of recession.
Despite the turmoil, Trump defended his tariff, claiming that they would eventually strengthen the economy. He said, “The markets are going to boom, the stock is bouncing, the country is bouncing,” he insisted. As investors said, Trump attended a live golf event and traveled to Mar-e-Lago, while White House officials scrambled to justify the policy.

Investors dump shares for fear of recession; Retail, technology, most difficult killed in banking sectors

Celloff affected almost every region. Retail vendors, tech firms, airlines and banks were among the worst artists as consumers increased that consumers would cut expenses and reduce demand.
Tom Kahil of Ventura Wealth Management said, “Obviously, tariffs are more worse than people.” “It is going to take some time to explain what is going to have an impact not only on the economy, but also on the company’s earnings.”
Consumer expenses, which create 70% of the US economic activity, are expected to slow down if companies pass on tariff costs. “If consumers pull back their expenses due to higher prices, businesses will produce less goods and can make economic growth stalls or contracts,” AP said.

Breaking of the worst performing areas

Airlines

Airlines had earlier estimated strong profits in the year, but the rising cost can stop consumer travel:

clothes and shoes

Most American apparel brands rely on foreign manufacturing:

Retailers

Heavy importers faced major hits:

technology

The global supply chain exposes technical firms for tariffs:

Banks

Concern about low lending and expenses:

restaurant

Less discretionary expenses Food Chain Hit:

Companies

Relatively untouched by tariff – although still impressed:

Trump defends tariffs, “Markets will bounce”

Meanwhile, as global markets re -participated with their broad tariffs, US President Donald Trump defended the move on Thursday, claiming that it would eventually strengthen the economy.
Trump told reporters, “I think it is going well. It was an operation as if a patient operates, and it is a big thing.” “Six or seven trillion dollars are coming to our country … Markets are going to boom, stock boom is going to be, the country is bouncing.”
Despite his worst day, American shares remained as Trump since 2020. Truth on social, he posted: “The operation is over!
On Wednesday, Trump announced the “liberation day” tariff, including 10% base duty on most countries, 20% on European Union, 25% on South Korea and 24% on Japan.
Analysts warned of an emerging recession and the risks of inflation. Adam Sarahan of 50 Park Investments said, “Here you have a tremendous amount of uncertainty … that’s why the market is going to a bear market.”
As the markets declined, Trump participated in a live golf tournament before going to Mar-e-Lago, while White House officials defended the tariff on the news network.