✎ Contributed by Ty Griffin
Major U.S. stock indices plunged Thursday following the enactment of sweeping new import tariffs introduced by President Donald Trump. The tariffs—first announced earlier this week—include a 10% baseline duty on all U.S. imports, with significantly higher rates on goods from China, Japan, the European Union, and Taiwan. Investors responded with a broad market sell-off, wiping out more than $2 trillion in market value.
Performance of Major U.S. Indices
- S&P 500 Index: Trading at 5,389.70, down 3.58% today.
- Dow Jones Industrial Average: Trading at 37,905.52, down 3.08% today.
- Nasdaq Composite Index: Trading at 16,781.22, down 4.15% today.
Market Sentiment
While the tariff plans had been telegraphed to markets in advance, their official implementation triggered renewed concerns over inflation, weakened consumer demand, and global retaliation. Analysts warned that the severity and scope of the measures could pressure corporate earnings and extend volatility in the weeks ahead.
Outlook
With over $2 trillion in equity value erased in a single session, investors are reassessing risk exposure and looking for potential policy shifts or trade negotiations that might ease economic pressures. Until then, heightened market uncertainty appears poised to persist.
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