Trump was doused with a big bucket of cold water! After Trump announced the imposition of "reciprocal tariffs" globally and claimed it to be the "Liberation Day" for the U.S. economy, the U.S. stock market suffered a惨烈 plunge. On April 4th, according to AFP reports, following Trump's announcement of the tariffs, the Dow Jones Industrial Average closed down 3.98%, the Nasdaq Composite Index plummeted 5.97% at the close, hitting its lowest point since March 2020, while the S&P 500 Index fell 4.84%, marking its largest closing decline since June 2020. The world's largest company by market capitalization, Apple, experienced its worst drop in five years, plunging 9.25%, wiping out over $300 billion in market value. Nvidia dropped 7.81%, Dell plummeted 19.00%, Broadcom fell 10.51%, and HP tumbled 14.74%. Clearly, from the market's reaction, Trump's tariff policy is not any "Liberation Day," but rather a "Day of Fear" for the U.S. stock market. The U.S. stock market responded to Trump's tariff policies with a惨烈 decline. In fact, Trump's tariff policy is having an enormous impact on the U.S. itself, which is likely beyond his expectations. After imposing the tariffs, Trump stated that his prediction is that the patient will become stronger, larger, better, and more resilient than ever before. However, the most probable prospect for the U.S. is a significant fall in the stock market, a dramatic rise in domestic inflation. As the stock market declines lead to a reduction in American investors' assets, consumer confidence in the U.S. will be hit, consumption capacity will show signs of recession, and the U.S. economy will enter a recessionary channel. In fact, House Minority Leader Hakeem Jeffries of the United States believes that Trump's announced tariff policy is actually the "Recession Day" for the U.S. economy. German Vice Chancellor and Minister of Economics Robert Habeck also stated that for American consumers, this is an "inflation day," not a "liberation day." Clearly, in terms of U.S. stock market performance, this has undoubtedly poured a large bucket of cold water on Trump, and Trump clearly underestimated the impact of his policies on the U.S. economy. Original Source: https://www.toutiao.com/article/1828424192986185/ Disclaimer: This article solely represents the views of the author.