On April 3, 2025, Wall Street suffered massive declines as President Trump imposed sweeping tariffs, triggering fears of a global trade war and potential recession. The S&P 500 fell 4.85% while the Nasdaq dropped 5.99%, marking the worst one-day losses in years. Investors shifted towards government bonds, abandoning riskier assets in response to the tariffs affecting U.S. imports. This shift in market sentiment reflected a stark contrast from the previous optimism surrounding Trump’s pro-business policies, with international responses including potential retaliation from China and the EU adding to market volatility expectations.
Wall Street benchmarks experienced the largest one-day percentage losses in years, primarily fueled by President Trump's tariffs, which led to fears of a trade war.
Investors turned to safer assets, selling off stocks as they reacted to the implications of Trump's economic policies, resulting in significant declines in major indices.
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