U.S. stocks post deep losses on trade war fears over new tariffs

President Trump announced sweeping tariffs on imported goods, which were higher and broader than many expected. The new import taxes are expected to raise prices and slow growth in the U.S., while pushing many other countries into recession.

Apr 3, 2025 - 18:26
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U.S. stocks post deep losses on trade war fears over new tariffs
Stocks fell sharply in response to President Trump

President Trump announced sweeping tariffs on imported goods, which were higher and broader than many expected. The new import taxes are expected to raise prices and slow growth in the U.S., while pushing many other countries into recession.

(Image credit: Spencer Platt)