Global Markets Plunge as Trump Policies Shake Investor Confidence
Economic uncertainty deepens with fears of a U.S. recession and fallout from aggressive tariffs under the Trump administration.
- Wall Street indices saw significant declines, with the Nasdaq dropping 4%, its worst performance since 2022, and the Dow Jones falling 2.08%.
- Tech giants, including Tesla, Apple, and Microsoft, collectively lost $750 billion in market value during a single trading session, with Tesla's stock plunging 15%.
- Donald Trump's tariff policies and mixed signals on economic strategy have heightened fears of a U.S. recession, causing global markets to react negatively.
- Elon Musk's Tesla faces challenges from declining sales in Europe and China, compounded by calls for a boycott linked to Musk's political affiliations.
- Cryptocurrencies, including Bitcoin and Ethereum, experienced sharp declines, reflecting broader market instability and investor concerns.