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3w ago

Global Markets Plunge as Trump Expands Tariffs to All Countries

U.S. tariffs drive the largest corporate valuation drop since 2022, with tech stocks suffering sharp declines and recession fears mounting.

U.S. President Donald Trump disembarks Air Force One in West Palm Beach, Florida, U.S., March 28, 2025. REUTERS/Kevin Lamarque/File Photo
Traders work on the floor of the New York Stock Exchange during morning trading on April 01, 2025 in New York.
President Donald Trump
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Overview

  • President Trump has announced plans to implement reciprocal tariffs on all countries, escalating global trade tensions and investor concerns.
  • Top global corporations saw a 13.2% drop in market value in Q1 2025, the largest quarterly decline in nearly three years, according to LSEG data.
  • Tech giants Tesla, Broadcom, and NVIDIA experienced significant market value losses of 35.7%, 27.56%, and 19.59%, respectively, in the first quarter of 2025.
  • The Nasdaq Composite index fell by 10.42% in Q1 2025, marking its largest quarterly decline since June 2022, as tech sector momentum faltered.
  • Goldman Sachs downgraded EPS growth forecasts for S&P 500 companies to 3% for 2025, citing higher tariffs, slowing growth, and inflation challenges.