On April 2, Trump announced a new round of high tariffs during his "Liberation Day" speech. The U.S. stock market subsequently plummeted over two days, evaporating more than six trillion dollars in market value. The Dow Jones fell over 2000 points in a single day, the S&P dropped nearly 6%, marking the largest single-day decline in five years, while the Nasdaq entered a technical bear market within a week, with market sentiment nearly collapsing.
This inevitably brings to mind the scene on October 24, 1929: the U.S. stock market opened with a crash, plunging 11% in a single day. The following "Black Friday," "Black Monday," and "Black Tuesday" jointly ushered in the most severe financial crisis in American history.
Are we today standing on the edge of a similar cliff? #美国加征关税
This inevitably brings to mind the scene on October 24, 1929: the U.S. stock market opened with a crash, plunging 11% in a single day. The following "Black Friday," "Black Monday," and "Black Tuesday" jointly ushered in the most severe financial crisis in American history.
Are we today standing on the edge of a similar cliff? #美国加征关税