US stock markets have endured their most challenging week since 2020, as the global economy reels from the impact of Donald Trump’s new tariff policies. 

All three major Wall Street indexes experienced a drop of more than 5%, marking a significant downturn in market performance.

Trump has maintained that the newly imposed tariffs on imports, including a baseline 10% levy on goods from the UK and several other countries, will "supercharge" the American economy. 

However, these taxes have raised concerns among investors, contributing to the ongoing market volatility.

The tariffs, which began to take effect this week, are part of Trump’s broader trade strategy aimed at boosting domestic production. 

Analysts predict that these measures will continue to have a profound impact on both US and global markets in the coming weeks.

As the market grapples with the uncertainty brought on by these new tariffs, investors are closely monitoring the effects on both global trade and the domestic economy.

Source: BBC

BDST: 1202 HRS, APR 05, 2025
SMS