Trump Tariff Policy Triggers Market Panic Across Globe

A new U.S. tariff policy has sent shockwaves through global markets. President Trump signed an executive order imposing a 10% ‘minimum benchmark’ tariff on trade partners, with higher tariffs for countries with the largest trade deficits with the U.S., triggering significant market instability. The Dow Jones Industrial Average plunged over 2,000 points, and the Nasdaq entered bear market territory, marking the largest single-day drop since 2000. This drastic action has also sparked countermeasures from several countries, raising concerns about a potential U.S. recession. The S&P 500’s market value declined by $5.4 trillion in just two days. 💰 The cryptocurrency sector is also reeling from the turmoil, with Bitcoin experiencing a dramatic drop from $88,000 to below the $80,000 mark this weekend, while investors are seeing massive liquidation volumes of $590 million within the crypto market. Overall, the global financial landscape is grappling with heightened uncertainty as nations react to the U.S. tariff policy.