🔺 Trump Warns of 50% Tariffs on China

In a bold escalation of trade tensions, former U.S. President Donald Trump has threatened to impose additional tariffs of up to 50% on Chinese goods, accusing China of “long-term trading abuses.” Trump has given Beijing an ultimatum — remove retaliatory tariffs by April 8, or face the consequences.

📉 Wall Street Nosedives

Following Trump’s statement, the Dow Jones Industrial Average plunged by 1,363 points on Monday. This comes after two historic back-to-back drops of 1,500 points on Thursday and Friday. The S&P 500 fell by another 4%, entering bear market territory with a 13% loss in just three days — the steepest drop since the 2008 financial crisis.

💻 Tech Stocks Lead the Decline

The Nasdaq Composite, already in bear market range, tumbled further, now down 26% from its peak. Technology giants were among the hardest hit as investors rushed to liquidate high-risk assets.

🌐 Global Impact Felt Across Markets

The shockwave wasn’t limited to the U.S. — Indian stock markets dropped 5%, while major indices across Asia and Europe also registered heavy losses. Uncertainty over prolonged trade tensions is driving global investors into panic mode.

💬 Trump Defends Policy Amid Backlash

Amid widespread criticism from economists and world leaders, Trump defended his decision, stating:

“Sometimes you have to take the medicine to fix something.”
He argued that the new “reciprocal tariff policy” would ultimately bring balance and economic benefits to the U.S., despite the short-term market disruption.

⚠️ Business Leaders Raise Alarm

Industry experts warn that these tariffs could lead to long-term damage to international supply chains, increased consumer prices, and a potential global recession if tensions aren’t resolved.

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