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Analysts: Trump tariffs ‘worse than the worst case scenario’ for tech investors

  • U.S. Stocks fell significantly after President Donald Trump announced tariffs of at least 10%, causing the S&P 500 to drop 3.6% and the Dow Jones to lose over 1,300 points.
  • The effective tariff rate for China has risen to 54%, exceeding investor expectations and raising fears of inflation and recession, as stated by the White House.
  • Economists and lawmakers warned that the tariffs act as a tax on American consumers and could cost families over $3,500 annually.
  • Analyst Bonawyn Eison described the tariffs as 'probably worse than the worst-case scenario' for the economy, highlighting their unprecedented scale.
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Fox News broke the news in New York, United States on Wednesday, April 2, 2025.
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