Trump Tariffs Lead to Over $4 Trillion Market Loss

The announcement of new tariffs by President Donald Trump has caused significant turmoil in global financial markets, with the S&P 500 experiencing its worst decline since the onset of the COVID-19 pandemic. The tariffs have led to a severe stock market sell-off, with the market losing over $4 trillion in value. China's retaliatory tariffs have further escalated fears of a global trade war, leading to a drop in stock indices worldwide. Federal Reserve Chair Jerome Powell has warned of the economic fallout, including higher inflation and slower growth. Analysts predict that companies like Apple, heavily reliant on global supply chains, may face difficult strategic choices due to these developments.