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Trump's Tariffs Trigger Stock Market Plunge, Criticism Grows

4/5/2025

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Summary

Story summary

President Trump was seen reading a New York Post article that ridiculed his universal tariffs on "Liberation Day."
The article discusses China's retaliatory tariffs and a notable decline in the stock market.
Trump's announcement of a 10% tariff on all imports led to a more than 10% drop in the S&P 500.
Murdoch's publications, typically supportive, have voiced concerns over Trump's economic policies and their consequences.

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Story summary

President Trump was seen reading a New York Post article that ridiculed his universal tariffs on "Liberation Day."
The article discusses China's retaliatory tariffs and a notable decline in the stock market.
Trump's announcement of a 10% tariff on all imports led to a more than 10% drop in the S&P 500.
Murdoch's publications, typically supportive, have voiced concerns over Trump's economic policies and their consequences.