Trump tariffs wipe out $2.5 trn from US stock market amid recession fears

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Trump tariffs wipe out $2.5 trn from US stock market amid recession fears - Business Standard

Quick Summary:

The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation.

More than 80 per cent of companies in the S&P 500 dropped, with more than two-thirds sliding at least 2 per cent.

Trump tariffs wipe out $2.Roughly $2.5 trillion was erased from the S&P 500 Index on Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.