#TrumpTariffs
US stocks evaporate $1.65 trillion in market capitalization
The impact of tariffs from Trump has officially arrived on Wall Street.
The S&P 500 opened down 4%, the worst day since September 2022. The Dow Jones dropped 1,500 points. A series of major tech stocks such as AAPL (-8.98%), AMZN (-7.03%), META (-6.93%), NVDA (-4.88%) are all in the red.
Crypto-related stocks also fell sharply with RIOT (-7.2%), COIN (-7.1%).
In his first speech after announcing retaliatory tax measures, President Donald Trump declared "the surgery is complete!". He stated that the "patient" (America) has overcome and is recovering. America will become stronger, bigger, and more resilient than ever.