Stock Market Crisis: Apple, Nike, and Wall Street Take a Hit
While the White House shared a lighthearted “Almost Friday” tweet of Donald Trump braving the wind in style, the mood on Wall Street was anything but breezy. Global markets took a sharp dive after the former president announced sweeping new tariffs on imports, triggering investor anxiety.
The whole stock market faced a big hit. The share price of the S&P 500 dropped over 3%. Big companies like Apple and Nike also saw stock prices fall sharply after the announcement made by US President Trump. The impact wasn’t just limited in America but the markets in Europe and Asia also tumbled as investors worried about rising costs for businesses and consumers.
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Trump’s new plan adds a 10% tax on imports from all over the world, with even steeper taxes on goods from China and Vietnam. Experts warn that this could make prices go up and slow down economic growth.
As strong winds blew through Washington, a wave of uncertainty spread through the global economy. Now, investors are holding their breath, waiting to see what happens next.
