On April 2, 2025, President Donald Trump announced a sweeping 10% tariff on all imported goods, set to take effect on April 5. Additional tariffs targeting specific countries, including China, were scheduled to begin on April 9.
The announcement sent shockwaves through global financial markets, sparking the largest two-day loss in U.S. stock market history. Within just 48 hours—Thursday and Friday—an estimated $6.6 trillion in market value was wiped out.
Although markets briefly rebounded on Tuesday, they dropped again on Wednesday as the new tariffs officially kicked in. Among the most dramatic measures: a 104% tariff on Chinese imports, heightening global concerns about an escalating trade war.
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