The U.S. Stock Market today suffered its biggest loss since June 2020, with the Dow plunging almost 1,700 points, while the Nasdaq and S&P 500 both plummeted 6% and 5% respectively; with loses believed to amount to over $2 Trillion. Today’s stock losses come as a reaction to yesterday’s announcement by U.S. President Donald J. Trump of a new wave of aggressive tariffs on countries across the world, which includes a 10% base tariff on all foreign goods entering America as well as much larger tariffs on countries which President Trump claims are “unfriendly trade partners” such as China who will now faces a 54% tariff on all exports to the United States.
