Henrik R
Trump Tariffs Trigger One of the Worst Stock Crashes in History.
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The S&P 500 has suffered its 11th worst three-day drop ever—worse than during World War II and the Covid-19 pandemic.
Wall Street Opened in Chaos on Monday
U.S. stocks plunged as trading began yesterday, with growing fears that Trump’s aggressive tariffs could spark a global recession.
S&P 500 Enters Bear Market
The S&P 500 fell 3.4% on Monday — after dipping as much as 4% — marking a 20% decline from February’s record high.
Nasdaq and Dow Also Collapsed
The Nasdaq dropped 3.9%, and the Dow Jones tumbled 1,191 points (3.1%), closing at 37,123. Trading volumes surged amid widespread panic.
Third-Worst 3-Day Drop Ever
According to Bloomberg, Wall Street has lost 13% of its value since last Thursday — making it the third-worst three-day slump in history, behind only the 2008 crash and early Covid-19.
Trump Shows No Signs of Backing Down
Despite the turmoil, Donald Trump remains defiant. He continues to defend the tariffs and has given no indication of reversing course.
Goldman Sachs Warns of U.S. Recession
Goldman Sachs has warned that the trade war could push the United States into a full-blown recession if it continues to escalate.
Trump to the World: “Don’t Be Weak or Stupid!”
On Monday morning, just hours before markets opened, Trump posted on Truth Social:
“Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN!”
Trump: “This Should Have Been Done Decades Ago”
In his post, Trump argued that the tariffs were long overdue:
“The United States has a chance to do something that should have been done DECADES AGO.”
Global Markets Spiral in Response
Markets around the world have followed Wall Street’s lead, with indexes in Europe and Asia falling sharply as fears of a global crisis spread.
