Why it matters:
Trump-induced turbulence in the U.S. stock market is amplifying fears of a looming global trade war, further straining an already fragile American economy.
The big picture:
Major corporations like Apple, Nvidia, and Nike suffered steep declines, while both the dollar and gold sharply depreciated.
State of play:
The S&P 500 fell 4%, heading toward its steepest decline since September 2022. The Dow Jones Industrial Average plunged 1,500 points, also marking a 4% drop. Meanwhile, the Nasdaq Composite experienced an even sharper drop of 5%. Across the board, equities suffered extensive losses, with decliners outpacing advancers at the New York Stock Exchange by a ratio of six to one.
Go deeper:
Economists caution that tariffs could lead to inflation, disrupted supply chains, and slower global economic growth. International trade partners have criticized the move and may retaliate, heightening tensions.
seyed mohammad kazemi
