Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks

[BumRushDaShow]

Source: Bloomberg

April 3, 2025 at 8:00 AM EDT


Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.

The damage was heaviest in companies whose supply chains are most dependent on overseas manufacturing. Apple Inc., which makes the majority of its US-sold devices in China, is on track to open down 7.7%. Lululemon Athletica Inc. and Nike Inc., among companies with manufacturing ties to Vietnam, are down at least 9%. Walmart Inc. and Dollar Tree Inc., retailers whose stores are filled with products sourced outside of the US, are trading at least 4% lower.

Few stocks in the US were unscathed with the biggest ETF tracking the S&P 500 on pace for its biggest decline since 2022. More than 90% of companies in the S&P 500 were trading lower at 8 a.m. in New York, with over half of its 500 stocks down at least 2% in premarket trading. “The market is realizing that there is pretty much no way to spin this as a positive,” said Steve Sosnick, chief strategist at Interactive Brokers. “Here we are with a substantial selloff on our hands abetted somewhat by traders whose commitment to buy every dip left them wrong-footed.”

The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation. It also left investors struggling to game out what levies would do to corporate profits.



Read more: https://www.bloomberg.com/news/articles/2025-04-03/trump-tariffs-set-to-zap-nearly-2-trillion-from-us-stock-market

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No paywall (gift)

This includes slamming big pension funds and 401(k)s, etc.

[multigraincracker]

1. Oil is down 5%. I imagine there will way less demand now.

Fewer folks driving to work.

[BumRushDaShow]

5. There's a story about THAT and why (not necessarily demand driven)...

https://www.democraticunderground.com/10143432624

(which means that might actually bite them in the end)

[AllaN01Bear]

24. in my mind and my miind only greed

[Omnipresent]

2. Trump needs to be in prison, not running the country.

[suegeo]

10. I agree. Kick

Donald Trump is a convicted felon and he is Putin's puppet. And he is a rapist.

[Bengus81]

15. Anyone heard from Garland lately??

[republianmushroom]

19. Not a word from Merrick the Meek, times are way to political for him.

Back in his hole.

[NotHardly]

21. F*ck that POS Garland, bad faith actor

[Initech]

25. And so do all the people in this administration and the people who made it happen.

In addition, the Heritage Foundation needs to be permanently banned from DC forever.

[GreenWave]

26. right you all are!

[riversedge]

27. Trumpy is just riding on the green of his MAL golf course right now. A very LONG weekend for him and

his tag a longs.

[llmart]

3. "This includes slamming big pension funds and 401(k)s, etc."

Seniors like myself who live off Social Security and our retirement funds are going to get a double whammy from the GOP's abysmal decision to follow this cretin off a cliff.

[BumRushDaShow]

6. DU is mostly "seniors"

I get a federal annuity and SS and am watching both like a hawk!

[DENVERPOPS]

36. I have been saying FOR OVER A YEAR

That TRUMP and the RepubliCONS will be doing tons of shit if Trump wins the election, all to screw over the entire 99% of this nation.........Medicare, Medicaid, Social Security, SNAP, Obamacare, etc etc etc

BUT, I HAVE BEEN SAYING FOR OVER A YEAR THAT HIS FINAL *Coup de Gras* WILL BE TO CRASH THE STOCK MARKET, AND PARTICULARLY ALL THE RETIRMENT FUNDS IN IT......and destroy everything far far worse than the Great Depression......

It is not only Trump, but the USSC, The Republican U.S. Senate, The Republican U.S. House, The Republican Governors, that are all complicit and total enablers to this tragic conspiracy..............

Anyone recall when Hillary stated during her campaign debate with Trump: "THERE IS A GIANT RIGHT WING CONSPIRACY" and Republicans just laughed and even the Dems thought she was just being a fanatical, far left wing, extremist ??????????

[BumRushDaShow]

37. "Anyone recall when Hillary stated during her campaign debate with Trump:.."

"'THERE IS A GIANT RIGHT WING CONSPIRACY'"

She also separately talked about the BASKET OF DEPLORABLES!

She was right about both!!!!

[DENVERPOPS]

38. A confirmation

of my statement: *WHILE THE NATION SLEPT*

Maybe not us, BRDS, and some others, but the mass majority including Dems.......

as they were walking down the Jungle path swatting at mosquitoes, they were oblivious to the herd of charging elephants

[Lovie777]

4. But the rich will get more tax cuts in the trillions..................

win win.

[multigraincracker]

7. I think that is what behind the tariffs.

They want to replace taxes with tariffs.

[IronLionZion]

9. That's their plan but it's the dumbest way to do it

tariffs will never come close to recouping that much revenue. People will just buy less stuff and retaliatory tariffs screw up demand for US exports. He's exploding the debt even worse than his last term.

[Bengus81]

16. Yeah...Hoover tried the same thing in 1930. Just revenue for the US.

All it did was start tariff wars and drive the Country deeper into the Great Depression. This will eventually do the same. This could easily be worse that the Bush Jr debacle in 2008.

[IronLionZion]

18. This administration wants to take us back to the 1930s, and they also use Germany for inspiration

Rand Paul and other GOP senators have stated that tariffs screwed their party in elections many times. They know. But are not doing much to stop this madness.

[Bengus81]

20. Actually and shockingly Rand Paul is trash talking Trump about this

You know it's really fucked up when you can agree with what Rand Paul is saying............

[IronLionZion]

8. America is becoming great again

[RazorbackExpat]

11. If this is "becoming great",

then I prefer the pre-Trump "not so great"

[IronLionZion]

14. Me too, it was great before but douchebag kept claiming things were terrible

[progree]

12. Dow down 1529 points (3.5%), S&P 500 at 5427 is down 4.30% at 10:50 AM ET, down 11.7% from all-time high

and down 9.7% since inauguration day eve (so getting close to "correcting" that).

https://finance.yahoo.com

https://www.Investing.com
More about the investing.com home page - https://www.democraticunderground.com/10143432216#post6
That page has a huge amount of information but some peculiarities too

============================================
U.S. tariff rate now at 22%, highest since 1910- Fitch
https://www.democraticunderground.com/1116100077
https://www.investing.com/news/economy-news/us-tariff-rate-now-at-22-highest-since-1910-fitch-3964232

So this beats Smoot Hawley.

[Bengus81]

17. Yep....the DOW right now is within 300 points of dropping 3,000 points since Jan 20th.

Great job Trump,that drop in that short of time has to be a RECORD.

[Bengus81]

13. Musk fanboys bought Tesla by the millions all the way up to $276, now

it's lost $15.00. What a stupid bunch of deranged cult idiots. Loose your ass for dear leader.

[Yo_Mama_Been_Loggin]

22. Trump will dismantle America apart brick by brick

[Turbineguy]

23. Trump doesn't like being a cheap date.

[PedroXimenez]

28. thank god we can rely on Social Security to fall back on

oh wait...

[Aussie105]

29. It is a 10% correction, and it is on a global scale.

It will 'progress' from here into a long term recession.

As for Garland - if the people can't rely on the strength of the law, what options are left?
Civil unrest, rebellion, revolution, upside down bodies hanging from lamp posts?
(Mussolini never saw that coming.)

[Bengus81]

30. DOW down 1,600+ right now. Way to go Fat Hoover...............

[Aussie105]

31. If you have a weak heart or even cry easily . . . .

do NOT check your 401K status, or any stock market investments you have.

I made that mistake . . . $15K evaporated, just like that!

[bluestarone]

32. We don't Need any more proof that their goal is

DESTROY America!! With The blessing;s of DOJ, the HOUSE, The SENATE!! (maybe Supreme Court)

[BlueWavePsych]

33. K&R

[Montauk6]

34. Welp... that's one way to wield a chainsaw...?

[Evolve Dammit]

35. "I really don't care" about costs going up. Won't affect us billionaires.