Stock Market Turmoil: Dow Takes 7,000+ Point Hit

2 days ago

Stocks soared then came down to Earth on Tuesday as investors digested the latest developments in President Donald Trump’s “Liberation Day” trade war, with the markets failing to sustain a recovery from historically bad losses over the last week, as China, the world’s second-largest economy, threatens to “fight to the end” with the U.S. over the soaring import duties.

Read the full story on Forbes: https://www.forbes.com/sites/dereksaul/2025/04/08/stocks-slide-again-as-tariff-losses-worsen-in-another-dow-down-8000-points-from-peak/

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Transcript

00:00the you know the the bulk of the tariffs haven't gone into effect yet uh the 10 sort of universal

00:05tariff went into effect on april 5th um but the you know the the top line numbers we've seen

00:12you know looking at specific countries will go into effect until this wednesday what's interesting

00:16is that sort of any good that was shipped uh you know that were that will be put on a ship

00:21or a plane or however else it gets to the u.s before midnight on wednesday is not going to

00:27be subject to tariffs and so you're seeing sort of a rush to get things into the u.s beforehand

00:32uh you know we hear stories of like you know what should consumers be buying before then

00:37and it's kind of the same thing you're seeing with with uh you know suppliers and importers

00:40you know there was a report today that uh apple was um you know flying plane loads of iphones

00:46from india from its factories in india uh to the u.s and so we're not going to be able to see

00:52you know the actual numbers of that for some time just because you know a ship going from

00:56you know shanghai to the west coast of the u.s will will you know can take about a month to get

01:01here um but it's it's sort of seeing how companies are going to be uh responding to these tariffs and

01:08what they're trying to do to get in as many goods as possible um and then see how to how to price

01:12those things for people um and i think again it's kind of hard to tell right now but i've been trying

01:20to get a sense of uh you know how did the supply you know how does this affect the supply chains

01:25and when are we actually going to see the impacts of these tariffs sort of on the ground

01:29um

01:30we've been talking to each side of uh

01:33and then see if we if we're walking there we are going to get this a third same platform

01:38and we're attaining to the side of the ship and go yeah to first we'll uh Etiken

01:42started out here Wiku

Stock Market Turmoil: Dow Takes 7,000+ Point Hit

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