Markets Plummet as Trump Tariffs Trigger Sell-Off

The U.S. stock market experienced a significant sell-off following the announcement of new tariffs by former President Donald Trump. The Dow Jones Industrial Average dropped sharply, reflecting widespread concern over the potential impact of these tariffs on the economy. Analysts from NPR, The New York Times, CNBC, and The Wall Street Journal reported a tumultuous two days in the market, driven by fears of escalating trade tensions.

The tariffs, aimed at protecting domestic industries, have instead sparked a wave of selling as investors worry about retaliatory measures from other countries and the potential for a broader trade war. The March jobs report, released amidst this turmoil, added to the uncertainty, with mixed signals about the health of the U.S. economy.

Market experts are closely monitoring the situation, with some suggesting that the immediate reaction may be an overcorrection. However, the long-term effects of these tariffs remain uncertain, leaving investors and policymakers alike on edge as they navigate this new economic landscape.

• Donald Trump
• Dow Jones
• Trade War

Detailed

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Why do tariffs affect the stock market?

Tariffs clearly pose a headwind to economic growth, as corporate profit margins are squeezed by higher prices and households see a decline in inflation-adjusted income. In addition, tariffs will likely put upward pressure on prices, as U.S. importers pass on some of the cost to consumers.

What are the tariffs going to do to the stock market?

Every 5 percentage point increase in the U.S. tariff rate cuts S&P 500 earnings per share by 1%-2%, Goldman Sachs chief U.S. equity strategist David Kostin estimates. This year's estimated 22.5 percentage point increase implies a potential 4.5%-9% cut in S&P 500 earnings from Trump tariffs.

Is the US in a trade war?

An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft ...

Why is the market tanking?

Stocks tank as Trump tariffs spark trade war, recession fears. Stocks tanked on Thursday morning in reaction to President Trump's broad reciprocal tariff announcement, sparking fears of a looming recision amid a full-blown trade war.