Trump tariffs trigger $3 trillion market meltdown
The U.S. stock market suffered a massive blow, losing about $3.1 trillion in value on the first day of the new Trump tariffs.
According to the Wall Street Journal, it is the worst market wipeout since March 2020 during the early days of the COVID-19 pandemic.
Companies heavily reliant on overseas manufacturing were hit the hardest.
Analysts warn the markets could slide even further as China, Canada, and Europe prepare to retaliate.
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