On April 3, 2025, President Donald Trump faced mounting criticism as his sweeping tariff policies sent shockwaves through global markets. The tariffs, which targeted imports from dozens of countries, caused a significant drop in the S&P 500 and Nasdaq, with Wall Street experiencing its worst day since the COVID-19 pandemic. The world’s 500 richest individuals collectively lost $208 billion in wealth, marking one of the largest single-day declines in history.
Domestically, Trump’s approval rating dipped below 50% for the first time in his second term, according to a Republican-leaning pollster. This shift reflected growing dissatisfaction with his economic policies, particularly the tariffs, which critics argued could exacerbate inflation and hurt American businesses.
Internationally, Trump’s tariffs drew sharp backlash from trading partners, including China, which vowed to take countermeasures to protect its interests. Canadian Prime Minister Mark Carney announced counter-tariffs on U.S. vehicles, signaling escalating trade tensions between the two nations.
April 3, 2025, underscored the complexities of Trump’s leadership, blending assertive economic policies with contentious decisions. It highlighted the challenges shaping his presidency in its second term.
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