Trump’s Tariffs Cause $10 Trillion Global Market Loss
A big decision by US President Donald Trump has shaken markets around the world. He announced higher tariffs (taxes) on goods coming into the US, and as a result, global stock markets lost over $10 trillion. That’s nearly half the size of the European Union’s economy.
Investors got scared. They worried this move could start a global trade war and possibly lead to a recession. Stocks, oil, gold — everything was hit.
US Markets Hit Hard
The US stock market took a major blow. The S&P 500, a key market index, dropped 4% for three days in a row — something that hasn’t happened in almost 100 years. Experts say it was the worst fall since World War II.
Big US tech companies lost the most. The group known as the “Magnificent Seven” — Apple, Google, Nvidia, Meta, Amazon, Microsoft, and Tesla — lost a combined $1.6 trillion.
- Apple alone lost over $500 billion, as its products are mainly made in Asia.
- Nvidia lost $385 billion.
- Amazon lost $262 billion.
Other major companies like Walmart, Visa, JP Morgan, and Bank of America also lost billions.
Impact Around the World
The crash wasn’t just in the US. It hit global markets too.
- Saudi Aramco lost $138 billion.
- In Europe, companies like Shell, HSBC, and Siemens saw huge losses.
- In Asia, Alibaba, Toyota, Samsung, and TSMC also lost billions.
- TSMC lost €78 billion in one day.
Some Relief After Pause
On Wednesday, Trump announced a 90-day pause on most new tariffs. This helped calm the markets a little, and prices started to recover.
However, Trump raised tariffs on China to 125%, saying China was disrespectful. In return, China hit back with 84% tariffs on American goods.
Trump said he’s being “flexible” and hopes deals will be made soon.
