Rebecca Schneid
On April 2, President Donald Trump held his long-promised “Liberation Day,” during which he took to the Rose Garden of the White House and announced a vast swath of tariffs that he will be implementing.
Trump’s “Liberation Day” moves saw the introduction of a 10% tariff on all imported goods, and additional import taxes—of varying degrees—placed on 60 other countries.
The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. At the end of Thursday, April 3, Dow Jones closed at 1,700 points lower. Plus, the S&P 500 and Nasdaq indexes had their worst day since 2020. Thursday also ended with the U.S. dollar dipping to a six-month low against the EURO, falling along with U.S. bond yields.
On Friday, April 4, morning reports showed that as of 10:30 a.m. ET, the S&P 500 index was down 193 points (3.58%).
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