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0.00088524590163932 0.00170491803278684 0.00163934426229505 -0.000409836065573835 -0.00122950819672136 -0.000614754098360679 -0.00368852459016393 -0.00655737704918033
Stock impact report

Stocks Plunge As Trump Tariffs Prompt Global Stagflation Fears [Forbes]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Forbes
Capitol on April 01, 2025 in Washington, DC. Senators spoke about the White House's intended tariffs and taxes to be implemented. (Photo by Kayla Bartkowski/Getty Images) Getty Images Share prices are tumbling around the world in the wake of Donald Trump's announcement of higher tariffs on U.S. imports than most countries were expecting, according to the Trump's tariffs are more than five times bigger than they were in his first term. Trump's first-term tariffs affected about 1.8% of U.S. GDP while the April 2 tariffs “appear to affect roughly 10.7% of GDP,” Tax Foundation Federal Tax Policy Vice President Erica York told the Except for Canada and Mexico, Trump leveled tariffs of 10% on all U.S. imports and even higher tariffs on other countries. Those included a 34% tax on Chinese imports – adding to a recent 20% tariff he recently put on China -- as well as a 20% tariff on European Union imports and a 24% levy on Japanese imports, noted the Times Trump expressed confidence Show less Read more
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