Overview

• 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.