Wall Street witnessed one of its sharpest declines in nearly half a decade Thursday as investor anxiety over escalating US tariff policies rattled global markets. The Nasdaq Composite led losses with a 5.97% plunge, followed by the S&P 500 (-4.84%) and Dow Jones Industrial Average (-3.98%), marking the steepest single-day drop for all three indices since 2018.
Analysts attribute the sell-off to mounting fears that renewed trade barriers could disrupt supply chains, inflate consumer prices, and dampen corporate earnings. The US government's recent tariff announcements – criticized by domestic industries and international partners alike – have amplified concerns about a prolonged economic slowdown.
"Markets are pricing in the domino effect of protectionist measures," said senior economist Dr. Lisa Tanaka. "Asia-Pacific markets, particularly export-driven economies, may face ripple effects if trade flows are disrupted."
The downturn reflects growing unease among business leaders and investors as geopolitical tensions reshape global commerce patterns. Observers warn that sustained market volatility could impact cross-border investments and regional growth forecasts.
