The U.S. stock market lost about $6.6 trillion on April 3-4, the biggest two-day collapse in history. Overall, losses have totaled about $11.1 trillion since Donald Trump's second term began in January 2025, MarketWatch reports.
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The reason for the fall in the US stock market was Trump's announcement of the introduction of large-scale global tariffs, as well as corresponding duties imposed by China against the US.
On Friday alone, the Dow Jones Industrial Average fell 5.5%, the broader S&P 500 Index fell 5.97%, and the Nasdaq Composite Index fell 5.82%.
Let us recall
The Finance Ministry wrote that the European stock market had its worst week since 2022. This is happening against the backdrop of concerns fueled by Donald Trump's trade policy.
The STOXX 50 index fell 2.9% on Friday, while the broader STOXX 600 lost 2.5%, hitting its lowest levels since mid-January. For the week, the STOXX 50 is down 6.7%, while the STOXX 600 is down nearly 5.9%. European markets have not seen such a sharp weekly decline since March 2022.
US President Donald Trump announced the introduction of duties on all goods imported from abroad. The Republican announced this on Wednesday, April 2, at a press conference in the White House garden. The basic tariff will be 10%, but for many countries it turned out to be higher.
Customs duties on goods from China will be 34%, from EU countries – 20%, from Switzerland – 31%, from Great Britain – 10%, from Ukraine – 10%, from Israel – 17%, from Kazakhstan – 27%. One of the highest duties is imposed on Vietnam (46%), Cambodia (49%), Laos (48%). Russia is not mentioned in the list.
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