CNN
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US stocks melted down and market volatility soared after President Donald Trump announced his across-the-board punitive tariffs regime on April 2. While international stocks got hurt too, overall they’ve done better.
Sure, US stocks were considered overvalued coming into 2025. But the loss of trillions of dollars over a matter of days in April was extreme. And it wasn’t much comfort when stocks staged some mini-relief rallies on hopes that things might not be quite as bad as feared because Trump was postponing or lessening certain tariffs, or there were signs his advisers convinced him firing the Federal Reserve chair would be bad…
