Tariff Tangle Hits Hard, Biggest One Day Slump in Recent Times

Team Veye | 04-Apr-2025

Wall Street suffered heavy losses on Wednesday as tariff war sparked fears of global recession. While the S&P 500 suffered highest single day fall since 2020, the blue-chip Dow Jones Industrial Average lost 1,679.39 points or 3.98% to close at 40545.93 and the tech-heavy Nasdaq Composite dropped 5.97%, 1050.44 points ending at 16550.61.

While Multinational companies bore the brunt, Retailers dependent on imports were also hit hard.

In his bid to rejuvenate American industr...

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