US stock market crash: $500 billion lost in one hour
Reaction to new tariffs
The US stock market experienced a sharp decline, losing over $500 billion in just one hour after President Donald Trump announced the introduction of new 25% tariffs on European cars and a range of other goods.
Panic among investors
The news triggered an immediate reaction on financial exchanges. The Dow Jones, S&P 500 and Nasdaq indices began to fall rapidly, and the market capitalisation of major companies shrank. Experts link this to investors' concerns regarding a potential economic confrontation between the US and the EU.
Market outlook
Financial analysts warn that such measures could provoke a trade war, which would negatively impact both the American and European economies.
EU representatives have already stated that there will be retaliatory sanctions against US goods.
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