In April 2025, former President Donald Trump decided it was time to shake up the global economy by introducing a new wave of import tariffs. According to his logic, if it moves — tax it.
The result was swift: the U.S. stock market began behaving like a teenage rollercoaster — full of panic, nervous laughter, and a desperate urge to jump off.
The Dow Jones Industrial Average plunged over 2,200 points, making investors nostalgic for the good old days when their biggest worry was choosing a coffee flavor. The S&P 500 and Nasdaq followed suit, proving that unity on Wall Street isn’t always a good thing.
Economists warned that these aggressive trade policies could cost up to 190,000 jobs and shave 0.14% off GDP growth. But the White House seemed to think that was a small price to pay for the chance to flex some tariff muscle.
China didn’t sit back either. They hit back with counter-tariffs on American goods, including soybeans and automobiles. Midwest farmers began contemplating new careers, while automakers started eyeing foreign relocation with longing.
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