By John Meyer, consultant in financial affairs – Eurasia Business News, April 3, 2025. Article No 1471.

The recent announcement by President Donald Trump to impose significant tariffs on U.S. trading partners has sent shockwaves through global markets.

U.S. stocks nosedived on Thursday, with the Dow tumbling more than 1,200 points as President Trump’s surprisingly steep “Liberation Day” tariffs sent shockwaves through markets worldwide.

Major stock indexes dropped as much as 6%. Stocks have lost roughly $2.7 trillion in market value Thursday, on track for their largest decline since March 2020.

Here are the key points from the developments:

Overview of Tariff Plans

Baseline Tariff: White House announced 10% tariff on all countries, effective April 5, 2025.

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Additional Tariffs: Higher tariffs will be imposed on countries deemed “bad actors” in trade, with specific rates for nations like China, the EU, and Japan.

China Tariffs: An additional 34% tariff will be applied to Chinese imports starting April 9, bringing the total tariff rate to 54%.

Market Impact

Stock Market Decline: The Dow Jones Industrial Average plummeted over 1,200 points, marking a significant drop of approximately 2.82% to 3.7%, while the S&P 500 fell by 4.5%, and the Nasdaq by nearly 5%.

Read also : List of countries targeted by Trump tariffs in 2025

Currency Fluctuations: The U.S. dollar sank as investors moved to safe-haven currencies like the yen and Swiss franc.

Global Reaction

China’s Response: China has threatened retaliation, stating it will take necessary measures to protect its interests.

Read also : Gold : Build Your Wealth and Freedom

Global Economic Concerns: Fears of a trade war and potential global economic downturn have increased, with many countries facing the risk of recession.

Sector-Specific Impacts

Technology Sector: Some of the world’s biggest companies are on track to lose billions of dollars of value Thursday, with Trump’s aggressive tariffs ripping through the stock market.

Companies like Apple and Nvidia faced significant losses due to supply chain concerns.

Apple’s costs are about to go way up thanks to tariffs. The biggest question facing the world’s most valuable company now is whether to make customers pay for it—or investors.

Read also : Five Good Reasons to Own Gold Now

Retail Sector: Retailers reliant on imported goods saw their stocks decline sharply.

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© Copyright 2025 – Eurasia Business News. Article no. 1471.