Global markets tumble after Trump unveils sweeping new tariffs- Fast Company
Yesterday, President Donald Trump announced a slew of tariffs on nearly every country in the world—over 180 of them, notes CNBC. The tariffs Trump announced are higher than most economists and business leaders feared.
Trump chose to hold off on announcing the tariffs until after the markets closed yesterday, and after seeing how those markets have since reacted, it’s easy to understand why. Individual stocks and the markets as a whole plummeted after the tariffs were revealed, and in premarket trading, those markets and stocks remain greatly depressed.
Major American companies like Apple, Amazon, Nike, Tesla, and Walmart are seeing their share prices decline this morning, while Nasdaq, Dow, and S&P futures have fallen significantly.
