Former US Treasury Secretary Summers sent a picture: After Trump's tariffs, US stocks fell the fourth most in two days since World War II
2025-04-05 22:39:52
After Trump announced comprehensive tariffs, U.S. stocks fell 10.5% in two trading days. Former U.S. Treasury Secretary Summers posted on X on Saturday that since World War II, the S & P 500 has performed worse for two consecutive trading days than after Trump announced tariffs, only in the stock market crash of 1987 (26.4%), the financial crisis of 2008 (12.4%) and the COVID-19 pandemic outbreak (13.9%).
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