Significant Drop in Stock Markets Due to New Tariffs from China
April 4, 2025
A new wave of selling is hitting U.S. stock markets, with Wall Street experiencing its worst session since June 2020. China has imposed new 34% tariffs on all American products in retaliation for Donald Trump's tariffs, raising concerns about a trade war. Major indices like the S&P 500 and Nasdaq saw significant declines as investors pulled out of stocks. The situation worsens due to inflation worries and low bond yields.