April 2, 2025 12:36 pm
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Stock Market Drops Amid Fears of Trump’s ‘Liberation Day’

U.S. President Donald Trump has announced that he will declare new tariffs on Wednesday, causing the stock market to decline in anticipation of his “Liberation Day.”

The S&P 500 fell by 0.5%, while the Nasdaq dropped 1.4%. Clearly, investors are hesitant to take risks ahead of the tariff announcement. The price of gold has surged, reaching $3,150 per ounce. Deutsche Welle unveiled a report on this regard.

Experts attribute the market uncertainty to increasing trade tensions. Japan’s Nikkei 225 dropped by 4%, South Korea’s KOSPI fell by 3%, and France’s CAC 40 dropped by 1.5%.

What to Expect on Wednesday?

President Trump has dubbed April 2 as “Liberation Day,” signaling the announcement of a series of new tariffs. However, the specifics of what will happen remain uncertain. Some experts believe he might impose “reciprocal” tariffs, which could affect every country.

In a recent interview, Trump did not rule out the possibility of a global economic downturn, which further influenced Monday’s stock market performance.

Trump’s planned export tariffs could be more severe than before. He previously imposed a 20% tariff on China and has threatened a 25% tariff on Canada and Mexico. He is also considering tariffs on Europe, India, and Japan, causing concern among German wine exporters.

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