Trump announces universal 10% tariff on all countries, leading to stocks plummeting and dollar sliding

From Investing.com: 2025-04-03 06:14:00

Trump announced reciprocal tariffs, sparing no country as he celebrated ‘Liberation Day.’ A universal 10% tariff will be imposed on all countries, with 60 countries facing higher duties. Mexico and Canada are exempt, while China will see total tariffs climb to 54%. Stocks plummeted, with Apple and Nike hit hard. The US dollar slid on recession fears, as investors priced in three rate cuts. Euro and Pound strengthened, while gold dipped after hitting a record peak. Oil prices fell over worries of weaker global demand from the trade war and potential OPEC+ production increases.



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