Markets Spiral as Trump’s Tariff War Sends Global Stocks Crashing
So here’s what’s going on right now — and it’s big. Wall Street is spiraling, again, and the Dow Jones Industrial Average (DJIA) has taken another huge hit. We’re talking a drop of over 1,700 points in just one day. And it's not just the DJIA — the S&P 500 and Nasdaq are both tumbling too, down 5% as investors react to what’s quickly becoming a full-blown economic storm. What’s fueling all of this? Well, it comes down to one word: tariffs. And a lot of them.
President Donald Trump has unleashed a sweeping wave of new tariffs on countries around the world, and the retaliation from China has been just as fierce. That tit-for-tat has sent shockwaves through global markets, with the FTSE 100 suffering its worst single-day drop since the early days of the COVID-19 pandemic — nearly 5% wiped out in one session. It’s as if someone hit rewind on March 2020.
Also Read:- Tony Mokbel Walks Free After 18 Years: A New Chapter Begins
- Nintendo Switch 2 Redefines Gaming with 4K, AI, and Full Switch Compatibility
Big tech is bleeding, hard. Apple’s stock alone fell almost 6% today, after losing 9% the day before. That’s over $300 billion in value evaporating — gone. And to make things worse, projections now suggest the cheapest iPhone could jump from $799 to $1,142 if Apple has to pass tariff costs on to customers. Imagine that: a 43% price increase, just like that. Even Tim Cook’s best efforts to cozy up to Trump — from investments in US jobs to attending his inauguration — didn’t earn Apple an exemption.
The broader impact? A possible global recession. The IMF is already warning of “significant risks” to the global economy, and economists everywhere are ringing the alarm. The Federal Reserve’s Jerome Powell put it bluntly: these tariffs are “larger than expected,” and they’re going to push inflation up and growth down. He’s not even sure how the Fed should respond right now — the outlook is that uncertain.
Meanwhile, Trump is doubling down. He’s calling on the Fed to slash interest rates immediately and accusing them of “playing politics.” He’s also resharing videos with fake Warren Buffett quotes praising his economic moves, prompting Buffett’s own company, Berkshire Hathaway, to step in and shut it down as completely false.
Let’s be real: this isn’t just a temporary dip or market correction — it feels more like a global economic shift. Investors, businesses, and everyday consumers are all getting caught in the crossfire. Companies like Nintendo are even delaying product launches in the US because of tariff uncertainty. JD Sports was the only company in the FTSE 100 to close in the green today. One. Out of a hundred. That says a lot.
We’re staring down a situation where the world’s largest economies are entrenching themselves in a new kind of trade war, and markets are responding with panic. Billions lost, confidence shaken, and inflation looming. The only certainty right now? Uncertainty. Hold tight — this ride isn’t over yet.
Read More:
0 Comments