Fox News displayed a real-time counter showing the Dow Jones Industrial Average falling as President Donald Trump announced new tariffs on March 4, 2025. The 25% tariff on imports from Canada and Mexico and the 10% tariff on Chinese goods took effect at midnight. As Trump spoke, the Dow Jones dropped from 43,197.38 to 43,185.51 within 20 seconds.
By the end of the day, it had fallen by 650 points, and the S&P 500 saw its most significant single-day drop of the year. Trump referred to past presidents’ trade policies, saying, “This is not unprecedented.” However, the stock market’s response indicated investors’ anxiety about the tariffs’ immediate impact.
Dow Jones falls during Trump tariffs
The significant drop highlighted the market’s sensitivity to Trump’s trade moves, a key part of his administration’s economic strategy. Mexico and Canada reacted strongly to the tariffs. Canada emphasized the deep economic ties and critical supply chains shared with the US, which could now face strains.
The long-term effects of these trade policies remain to be seen as markets process and react to the changes. Investors and analysts will closely monitor whether this steep decline is the start of a prolonged or temporary downturn. Updates will be provided as they become available.
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