Trump Tariffs Shake U.S. Stock Market and Global Trade

Former President Donald Trump's proposed tariffs have sent shockwaves through the U.S. stock market and ignited fears of a global trade war. The Dow Jones Industrial Average plummeted by 1,700 points in the largest single-day drop since 2020, reflecting widespread investor panic over the potential economic fallout.

Trump's tariff proposals, aimed at protecting American industries, have drawn sharp criticism from international leaders and U.S. Republicans alike. Many fear that these measures could escalate into a full-blown trade war, disrupting global supply chains and stifling economic growth.

Live updates from CNBC and other financial news outlets have been tracking the volatile market reactions, with analysts predicting further instability if the tariffs are implemented. The sharp decline in stock indices like the Nasdaq and S&P 500 underscores the gravity of the situation, as investors scramble to adjust their portfolios in anticipation of prolonged economic uncertainty.

• Donald Trump
• Dow Jones
• Nasdaq
• S&P 500

Detailed

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What is Trump?

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump.

How are tariffs affecting 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.

How long have tariffs been around?

Tariffs and excise taxes were authorized by the United States Constitution and recommended by the first United States Secretary of the Treasury, Alexander Hamilton in 1789 to tax foreign imports and set up low excise taxes on whiskey and a few other products to provide the Federal Government with enough money to pay ...

What is the biggest stock market drop?

The largest single-day percentage declines for the S&P 500 and Dow Jones Industrial Average both occurred on Oct. 19, 1987 with the S&P 500 falling by 20.5 percent and the Dow falling by 22.6 percent. Two of the four largest percentage declines for the Dow occurred on consecutive days — Oct. 28 and 29 in 1929.