Trump: NYSE Reopens After Market Pause
Trump’s Tariff ‘Surgery’ Fails to Revive Wall Street as Stocks Plunge
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NEW YORK (AP) — U.S.stock markets tumbled Wednesday, a day after President Donald Trump likened his imposition of tariffs to a successful surgery that would heal the American economy. Investors, however, expressed concerns about a potential economic downturn, triggering a broad sell-off.
Trump, in a post on his social media platform, Truso Social, stated, “The surgery is over. The patient is surviving and healed. The prognosis of the patient will be stronger, bigger, better, and stronger than ever.”
these remarks followed Trump’s decision to enact tariffs, which he described as necessary to address what he considers unfair trade practices harming U.S. industries. He has repeatedly compared the United States to a patient and the tariffs to a life-saving operation.
Market Reacts Negatively to Tariff Policies
Despite the president’s optimistic outlook, the market responded negatively. The Dow Jones Industrial Average fell 1,203.54 points, or 2.85%, to 41,021.78 as of 9:52 a.m. eastern time. The S&P 500 index dropped 180.57 points, or 3.18%. The Nasdaq composite plummeted 746.85 points, or 4.24%.
The S&P 500 index, in particular, dipped below 5,500, hitting its lowest point in seven months, a level not seen since Sept. 10, 2024.
Economic Downturn Fears Fuel Sell-Off
Concerns about a broader economic slowdown contributed to the market decline. According to data from the U.S. e-trading platform Trade Web, the 10-year U.S. Treasury yield decreased to 4.03%, a drop of 16 basis points (1bp = 0.01 percentage point) compared to the previous day’s close in New York.
Trump’s Tariff ‘Surgery’ fails to Revive Wall Street as Stocks Plunge
Frequently asked Questions about the Stock Market Downturn
Why did U.S. stock markets fall on Wednesday, April 3, 2025?
U.S. stock markets experienced a important downturn on Wednesday, April 3, 2025. The primary driver was investor concern about the potential negative impacts of President donald trump’s tariff policies on the American economy.
What did President Trump say about the tariffs?
president Trump, in a post on his social media platform, Truso Social, stated optimistically, “The surgery is over. The patient is surviving and healed. The prognosis of the patient will be stronger, bigger, better, and stronger than ever.” He has likened the tariffs to a “life-saving operation” to address what he views as unfair trade practices.
How did the market react to Trump’s remarks and tariffs?
Despite the President’s positive outlook, the market reacted negatively to the imposition of tariffs:
Dow Jones Industrial Average: Fell 1,203.54 points, or 2.85%, to 41,021.78 as of 9:52 a.m. eastern time.
S&P 500 index: Dropped 180.57 points, or 3.