✈️US Stocks Bleed Red After Trump Threatens EU with 50% Tariffs✈️
Wall Street caught a cold after Donald Trump announced a 50% tariff on the EU starting June 1, 2025. And let’s just say… the markets didn’t take the news well.
1️⃣ Major Indexes Tumble
The S&P 500 slid by 2.60%, Russell 2000 dropped 0.99%, and Nasdaq Biotech took a dramatic 12.10% dive. Even the NYSE Composite shrank 1.16%. Meanwhile, the Dow Jones? Flatline at 0.00%—basically pulled a "not my problem."
2️⃣ Tech Giants Hit Too
Apple (AAPL) dipped by 0.36%, and Advanced Micro Devices (AMD) lost 1.20% as investors hit the panic button.
3️⃣ Billionaire Favorites Aren’t Safe
Even Warren Buffett’s Berkshire Hathaway wasn’t spared—down 0.67% in a market-wide red wave.
CONTEXT:
Trump’s tariff threats are stirring up trade war déjà vu. The announcement sparked fears of retaliation from the EU, triggering a sell-off in both traditional and tech sectors. Markets are bracing for a bumpy ride as investors rethink risk in the face of escalating global tensions.