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HomeWorld NewsUS stock market LIVE: S&P 500, Nasdaq poised for sharp decline, Dow set to fall over 1,000 points as Trump's Tariffs rattle global markets
US stock market LIVE: The S&P 500 and Nasdaq are set to tumble, with the Dow expected to drop more than 1,000 points as President Trump's tariffs send shockwaves through global markets. The announcement of sweeping tariffs has intensified fears of a global economic slowdown, triggering widespread sell-offs across major indices. Stay tuned with the latest updates from the US stock markets with the CNBC-TV18 blog
US stock market LIVE: The S&P 500 and Nasdaq are set to tumble, with the Dow expected to drop more than 1,000 points as President Trump's tariffs send shockwaves through global markets. The announcement of sweeping tariffs has intensified fears of a global economic slowdown, triggering widespread sell-offs across major indices.
On Wednesday, President Trump unveiled a two-step tariff plan, imposing a baseline rate of 10% on all US trading partners. However, countries deemed "bad actors" in trade will face significantly higher duties. These tariffs are set to take effect on April 5 and April 9. A total of 185 countries will be affected by the tariffs, pushing the effective US tariff rate to its highest level in over a century. Global stock markets sold off as fears of retaliation from trading partners grew, stoking concerns about a full-scale trade war and its potential impact on global economic growth.
Stay tuned with the latest updates from the US stock markets with the CNBC-TV18 blog
