U.S. stocks saw a sharp decline on April 3 after President Donald Trump imposed steep tariffs on many nations during a White House Rose Garden address on April 2, marking a new era in U.S. trade policy.
In the weeks leading up to the tariff announcement, markets had already faced significant volatility, with some believing the actual risk was overstated. However, Trump’s decision to implement his plan caught many off guard, with the tariff rates proving to be more aggressive than anticipated.
Trump sought to downplay the market’s reaction, saying that the financial markets will take off once the new levies are in effect....
