Approximately $1.7 trillion was wiped from the US’ S&P 500 Index as markets opened due to fears of President Trump’s tariffs potentially triggering a recession. Key companies like Apple, Nike, and Walmart, with overseas manufacturing, recorded major declines. Post navigation ‘It is a self-goal’: Raghuram Rajan uses football analogy for Trump’s tariffs, predicts ‘adverse affect’ on US Opinion: US reciprocal tariffs impact on textile and garment sector – boon or bane?
