🚨 Liberation Day Lands Like a Brick – Markets Rattle as Trump Drops 10% Global Tariff

📉 Apple tanks, Big Tech buckles, and America just got a little more expensive. Welcome to the New Trade World Order.

📊 Market Recap – April 2, 2025:

S&P 500: 🔻 -1.4%
Nasdaq: 🔻 -2.1%
Dow: 🔻 -0.8%
Gold: ⬆️ Hits another all-time high
Apple (AAPL): 🔻 -7% after-hours
Nvidia (NVDA): 🔻 -4.5% post-close
TSMC, Tesla, Amazon: All lower

🔥 What Happened?

President Trump finally pulled the trigger. At a Rose Garden press event wrapped in flags and bravado, he declared April 2nd “Liberation Day” — and launched the most sweeping US tariff regime in a century.

👉 10% “baseline” tariff on all countries
👉 Higher levies on “bad actors” like China (34%), Vietnam (46%), and Japan (24%)
👉 25% auto tariff on all foreign-made vehicles starting tomorrow
👉 Secondary tariffs on any country buying oil from Venezuela

The effective US tariff rate? North of 25% — the highest since the Smoot-Hawley Act of 1930.

💣 Fallout So Far:

• Big Tech is bleeding: Apple dropped 7% in after-hours, with analysts slashing price targets on fears of cost spikes and margin compression. NVDA, AMZN, TSLA also hit hard.

• Supply chain chaos inbound: Tariffs on Asian manufacturing hubs are a direct hit to hardware and semis. iPhones, GPUs, EVs = all getting pricier.

• Consumer wallet watch: Yale Budget Lab warns of $3,400–$4,200 in lost household purchasing power from tariffs.

• Gold surges: Investors fleeing to safety. Gold hit $3,171 — marking its strongest quarter since 1986.

• GDP warning bells: Atlanta Fed GDPNow: -3.7% Q1 growth. Economists say we’re entering stagflation territory.