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Although the US stock market had been struggling for most of the year, things took a turn with the Dow (DJI) dropping a remarkable 1,400 points as the market’s nosedive followed US President Donald Trump’s ‘Liberation Day’ tariff announcement Tuesday. The president announced that the country would be adopting a bevy of import taxes to balance international trade. Moreover, the move was always poised to have a massive impact on Wall Street and the economy. Indeed, the former is proving that correct, with a host of mega-cap stocks plummeting Wednesday. Source: Reuters / Brendan McDermid Also Read: Amazon (AMZN) Expands AI Push as Stock Eyes End to 8-Week Losing Streak US Stock Market Falls: Dow Plummets and S&P 500 Loses 4% Throughout the first three months of the year, the United States had seen many of its larger companies struggle. Some of the most prominent tech firms were unable to find their footing, with companies like Tesla (TSLA) and Amazon (AMZN) boa...

Author | Jinze, Chairman of Muse Labs, former Chief Researcher of Binance China When the S&P index confidently posted a positive candlestick in the early trading on Friday, traders were unaware that the midnight fax machines in Washington were spitting out earth-shattering documents that would rewrite the globalization script. With just one official document, the Trump administration pushed the trade war between the United States and other countries into the “mutually assured destruction” nuclear deterrence stage. Following the article from the day before yesterday, the relatively mild tariff scenario I had anticipated did not materialize. Instead, there was a full-scale tax increase, with only the energy sector exempted. Moreover, Canada did not back down and immediately retaliated by imposing 25% countervailing tariffs on $155 billion worth of US goods. This has in turn triggered the US tariff cross-retaliation clause, indicating that the situation is escalating. Therefore, the e...