Home World Global Markets Plunge as Trump’s Sweeping Tariffs Ignite Trade War Fears, EU and China Vow Retaliation

Global Markets Plunge as Trump’s Sweeping Tariffs Ignite Trade War Fears, EU and China Vow Retaliation

by Sonia Park
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Trump tariffs, global stocks plunge, S&P 500 drop, Nasdaq decline, Dow Jones fall, EU retaliation, China countermeasures, Howard Lutnick, trade war fears, economic recession risk, financial markets 2025

In New York, NY, and Brussels, global financial markets are reeling on April 3, 2025, as President Donald Trump’s newly announced tariffs send shockwaves through the world economy. Stocks are plummeting in after-hours trading following the rollout of a 10% baseline tariff on all countries, set to take effect on Saturday, April 5, 2025. The S&P 500 ETF Trust (SPY) is down 2.2%, the Nasdaq-100-tracking Invesco QQQ ETF has shed 3.2%, and the Dow Jones Industrial Average ETF Trust (DIA) has lost 1%, according to after-hours trading data from April 2. . .

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