Made the decision after lunch: "He doesn't give a damn"

Trump's tariffs

Blood red when Wall Street closed

Nora Fernstedt

Published 2025-04-04 22.02

 

The stock markets have plummeted sharply during the week. Photo: Seth Wenig / AP

The panic continues on Wall Street.

The US stock markets plummeted for the second night in a row.

"Only the weak will perish," writes Donald Trump on Truth Social.

It was blood red when the stock markets closed in the US on Friday, after China's counter-tariffs and continued international unrest in the wake of Trump's import tariffs.

Wall Street's broad index S&P 500 plunged 6 percent.

The Dow Jones fell 5.5 percent and the technology-heavy Nasdaq plunged 5.8 percent.

It is the worst stock market week since the pandemic.

Apple lost 7.3 percent and Tesla plunged 10.4 percent.

Stock markets also fell heavily in Stockholm and around Europe. The Stockholm Stock Exchange lost 4.2 percent.

The stock market crash in the US increased in retail trading. Photo: AP

The Fed chief warns

During the day, China announced its response to Trump's tariffs - they are adding an additional 34 percent to goods from the US.

A little later, Jerome Powell, head of the US central bank, warned that the US tariffs will lead to increased inflation and reduced GDP growth.

At the same time, Donald Trump said in a post on the Truth Social platform that he will not change his tariff policy.

"My policy will never change. This is a great time to get rich, richer than ever before!!!", he wrote.

His comment about China's retaliatory tariffs is that the country "panicked and made a mistake"

Trump commented on the stock market chaos in a post on Truth Social.