April 04, 2025 09:32am ET
Dow sinks for second day as Trump’s tariffs rock global markets: Live Updates
The Dow, S&P 500 and Nasdaq are under pressure for a second day as global investors sell equities in response to President Trump’s sweeping tariffs against the majority of U.S. trading partners, including China who is retaliating. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Covered by: FOX Business Team
Stocks tumbled for a second-straight day after China imposed a 34% tariff on U.S. imports, raising concerns of a global trade war and possible recession.
The Dow Jones Industrial Average plunged 950 points, or 2.35%, while the S&P 500 and Nasdaq Composite were down 2.47% and 2.99%, respectively.
The new China tariffs against the U.S. will go into effect on April 10, according to The Wall Street Journal. The 34% tariffs announced against China on Wednesday come in addition to the 20% tariffs already imposed against the country by the Trump administration.
U.S. stocks tumbled on Thursday after President Donald Trump announced his latest plan for tariffs, sparking fears of a global trade war.
The Dow Jones Industrial Average plunged more than 1,679.39 or 3.98%, while the S&P 500 and Nasdaq Composite fell 4.84% and 5.97%, respectively.
The hardest hit sectors in Thursday's session were consumer discretionary, energy and technology; consumer staples notched modest gains.
Posted by FOX Business Team
https://www.foxbusiness.com/live-news/dow-sinks-for-second-day-as-trump-s-tariffs-rock-global-markets-live-updates
