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

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

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

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Ben The Bull
Apr 02, 2025
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🚨 Liberation Day Lands Like a Brick – Markets Rattle as Trump Drops 10% Global Tariff
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šŸ“Š Market Recap – April 2, 2025:

S&P 500: šŸ”» -1.4%
Nasdaq: šŸ”» -2.1%
Dow: šŸ”» -0.8%
Gold: ā¬†ļø Hits another all-time high
Apple (AAPL): šŸ”» -7% after-hours
Nvidia (NVDA): šŸ”» -4.5% post-close
TSMC, Tesla, Amazon: All lower

šŸ”„ What Happened?

President Trump finally pulled the trigger. At a Rose Garden press event wrapped in flags and bravado, he declared April 2nd ā€œLiberation Dayā€ — and launched the most sweeping US tariff regime in a century.

šŸ‘‰ 10% ā€œbaselineā€ tariff on all countries
šŸ‘‰ Higher levies on ā€œbad actorsā€ like China (34%), Vietnam (46%), and Japan (24%)
šŸ‘‰ 25% auto tariff on all foreign-made vehicles starting tomorrow
šŸ‘‰ 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.

šŸ’£ 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.

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