The S&P 500 plummeted almost 100 points in minutes.
The reason? The biggest tariff announcement in US history 🇺🇸
Bigger than anything from the trade war with China.
The “Make America Wealthy Again” event delivered the full package:
• Tariffs on 50+ countries
• Minimum 10% tariff for the entire world
• “Reciprocal tariffs” based on what each country charges the US
If China charges 67% to the US? 🇨🇳
The US now pays back 34%.
Thailand? 🇹đź‡
Charges 72%? Now takes 36%.
Brazil? 🇧🇷
Gets away with just 10%.
The market even tried to rise at the beginning of the event — when the WSJ only said “10%” to everyone—
But it plummeted when the details came out.
Classic “Wile E. Coyote” moment:
Running towards the abyss, without realizing it.
The impact then came strongly in futures:
• S&P 500: -1 .76%
• Nasdaq 100: -2.47%
• Russell 2000: -3 .96%
• DAX: -2.46%
• VIX (fear index): +5.61%
The market in panic mode.
Bloomberg left no doubt:
“It’s the worst-case scenario the market was considering.”
Barclays calculated that the package equates to a weighted overall tariff of 20%.
For Wall Street, it's a punch in the gut.
Mexico and Canada have been left out of these tariffs (for now).
But the message has been made:
The White House wants to reindustrialize by force.
And that has a cost. For everyone.
And as if that weren't enough:
• Trump promised the “biggest tax cut in history”
• Said tariffs “will bring growth”
• Minimum rate comes into effect on April 5th
• Reciprocal tariffs start April 9
The world has just entered mode:
Trade War 2.0
And this one comes with more intensity, more scope and more risk.
Prepare for:
🔥 Inflation via tariff
⚔️ Industrial dispute
📉 Global volatility
And it got worse! Nasdaq futures are down more than 4% now!