The Dow Jones dropped over 1,200 points, with global markets experiencing steep declines following the implementation of tariffs on vehicles and auto parts on April 3, 2025. China has announced retaliatory measures, while the European Union is considering targeting U.S. tech firms, with negotiations being urged to avoid an all-out trade war. Analysts warn of significant inflation risks and potential recessions in multiple economies, with U.S. GDP growth projections already revised downward. The tariffs, ranging from 10% to 49%, are expected to increase consumer prices and disrupt industries like automotive and technology, with companies like Apple and Nvidia seeing major stock losses. Criticism mounts over the arbitrary methodology used to calculate tariff rates, with concerns about long-term damage to global trade relationships and investment confidence.
