April 3, 2025
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1:58:36Now PlayingGlobal markets are plummeting as investors digest the repercussion from Donald Trump's tariff war. "Bloomberg The Close" analyzes what's next and how to protect your portfolio. This special edition starts at 3 pm ET.
#stocks #business #trump
The US stock market plummeted after President Trump announced a raft of tariff hikes, wiping out $3 trillion in combined stock-market value and sending the S&P 500 Index down 4.5% and the Nasdaq 100 down 5%.
The tariffs threaten to upend supply chains, rekindle inflation, and slow global economic growth, with some economists predicting a recession if a retaliatory spiral is triggered.
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