U.S. Stock Market Plummets Over $5 Trillion Due to Tariff Tensions with China
Apr, 5 2025
In a shocking turn of events, the U.S. stock market lost over $5 trillion in a mere two days, thanks to President Donald Trump's tariff hikes. As China fired back with hefty tariffs, panic spread across global markets, sending the Nasdaq into bear territory and spurring fears of an impending recession. Major companies took a hit, and the Federal Reserve hesitated on rate cuts, despite Trump's pressure.
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