Trump’s Tariff Tsunami: Global Markets in Freefall!
U.S. and Asian Markets Plummet as New Tariffs Shake Investors, Tech, Retail, and Crypto Take a Beating in Wake of Trump’s Tariff Move
BNH NETWORK
Global Markets Crash as Trump’s Tariff Bombshell Stuns Investors
Washington, D.C-The global financial landscape has been rocked by U.S. President Donald Trump’s unexpected announcement of steep tariffs on Japan, South Korea, China, and the European Union. The move sent shockwaves through stock markets worldwide, triggering a massive sell-off. The Dow Jones Industrial Average plunged 2.4%, the Nasdaq tumbled 4.2%, and S&P 500 futures fell 3.5%, marking one of the worst trading days of the year.
Gold Hits Record High as Traders Flee to Safe Havens Amid Market Panic
Key Market Reactions
Asian Stocks Tumble
Asian markets were among the hardest hit, with Japan’s Nikkei 225 dropping 3.4% before recovering slightly to close 2.9% down at 34,699.52. South Korea’s KOSPI Index fell 1.9% to 2,459.30, while Australia’s S&P/ASX 200 Index lost 1.8%, closing at 7,793.10.
Tech Giants Take a Hit
The tariffs have particularly impacted the tech sector, with major firms seeing sharp declines:
- Apple Inc. (-7.4%)
- Nvidia Corp. (-5.2%)
- Taiwan Semiconductor Manufacturing Co. (TSMC) (-5.9%)
Fashion and Retail Sector Struggles
With China and Vietnam facing increased tariffs, global fashion brands experienced severe losses:
- Gap Inc. (-8.5%)
- Ralph Lauren Corp. (-7.3%)
- Nike Inc. (-7.1%)
Gold Soars Amid Market Uncertainty
As investors fled to safer assets, gold prices surged to a historic high of $3,160 per ounce, marking a 20% rise since early 2025.
Bond Market & Currency Fluctuations
- U.S. 10-year Treasury bond yields fell to 4.10% before stabilizing at 4.18%.
- The U.S. dollar weakened against the Japanese yen (149.28 to 148.07) but strengthened against the euro ($1.0897).
- Oil prices also dropped, with U.S. crude falling by $2.08 to $69.63 per barrel and Brent crude declining by $2.06 to $72.89 per barrel.
Cryptocurrency Takes a Hit
Trump’s lack of clarity on crypto regulations fueled investor anxiety, leading to sharp declines in digital currencies:
- Bitcoin (BTC) fell 3%, dropping from $88,000 to $85,000 before stabilizing at $84,800.
- Ethereum (ETH) declined to $1,845.
- Solana (SOL) slipped below $125.
