Donald Trump (Image: Getty)
The US stock market was in freefall today as investors feared Donald Trump’s tariffs would devastate the American economy. A meltdown in the price of US shares means the value of pension funds across the world including the UK falls too, as most “defined contribution” pension funds are invested at least partly in the US.
The NASDAQ market, which has a particular focus on technology stocks, has fallen in value by more than 10% in one month, as trading continued today. Big losers include Tesla, the electric car firm led by Donald Trump’s ally Elon Musk, is down 31% in one month. The better-known Dow Jones, an index of 30 top companies, was down more than 4% in one month.
by Taboola by Taboola
Sponsored Sponsored
Promoted Links Promoted Links
The Secret Revealed: Why All Hummingbirds Go to My Neighbor's GardenSherem Learn More
Undo
DON'T MISS
Powered by
Donald Trump's major climbdown after trade war sparks Wall Street panic
126 Comments
The mega-rich country with 756 billionaires - the most in the world
1 Comments
Rachel Reeves's Cash ISA raid is looming fast - ‘one last chance for tax-free benefit'
45 Comments
The worst of Rachel Reeves's tax hikes haven't even hit us yet - April will be carnage
127 Comments
US economy plunges as Hargreaves Lansdown addresses 'volatile' Stocks and Shares ISAs
11 Comments
Labour slammed for threatening British holidays with latest tax raid
23 Comments
Russian economic meltdown as light industry 'collapses' and thousands of firms go bust
88 Comments
Trump rages threatening 250% tariffs as trade war fears explode
56 Comments
Trump's 'very dumb' move against 'closest friend' savaged as US trade war in full swing
78 Comments
The world's richest leader 'worth ￡162bn' - more than Donald Trump and Xi Jinping combined
5 Comments
Price of a full English breakfast could soar ￡6.88 unless Rachel Reeves slashes one thing
5 Comments
Huge boost for M&S staff as ￡95m of pay rises announced
2 Comments
Russian economy meltdown as banks ‘try to cash in on customers' with loan costs
14 Comments
China economic crisis as Trump's tariffs branded 'kryptonite for investment'
4 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
US stock market meltdown hits UK pensions as Donald Trump's tariffs spark panic
48 Comments
US faces fastest crash since Covid as Trump tariffs trigger ultimate red flag alert
194 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
China and Canada vow to hit back as Trump tariffs take effect
29 Comments
'Trumpcession' fears mount as US economy 'choking' and 'people will lose their jobs'
98 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Expert in ISA urgent warning amid turmoil over 'Rachel Reeves raid' and markets
5 Comments
Rachel Reeves Cash ISA tax raid forces savers into jaws of looming stock market crash
103 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Donald Trump's major climbdown after trade war sparks Wall Street panic
126 Comments
The mega-rich country with 756 billionaires - the most in the world
1 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves's Cash ISA raid is looming fast - ‘one last chance for tax-free benefit'
45 Comments
The worst of Rachel Reeves's tax hikes haven't even hit us yet - April will be carnage
127 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
US economy plunges as Hargreaves Lansdown addresses 'volatile' Stocks and Shares ISAs
11 Comments
Labour slammed for threatening British holidays with latest tax raid
23 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Russian economic meltdown as light industry 'collapses' and thousands of firms go bust
88 Comments
Trump rages threatening 250% tariffs as trade war fears explode
56 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Trump's 'very dumb' move against 'closest friend' savaged as US trade war in full swing
78 Comments
The world's richest leader 'worth ￡162bn' - more than Donald Trump and Xi Jinping combined
5 Comments
Eat 1 Teaspoon Every Night, See What Happens a Week LaterHealth Wellness Journal Watch More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Price of a full English breakfast could soar ￡6.88 unless Rachel Reeves slashes one thing
5 Comments
Huge boost for M&S staff as ￡95m of pay rises announced
2 Comments
What Does Atopic Dermatitis Look Like? (Take a Look)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Russian economy meltdown as banks ‘try to cash in on customers' with loan costs
14 Comments
China economic crisis as Trump's tariffs branded 'kryptonite for investment'
4 Comments
US stock market meltdown hits UK pensions as Donald Trump's tariffs spark panic
48 Comments
US faces fastest crash since Covid as Trump tariffs trigger ultimate red flag alert
194 Comments
China and Canada vow to hit back as Trump tariffs take effect
29 Comments
'Trumpcession' fears mount as US economy 'choking' and 'people will lose their jobs'
98 Comments
Expert in ISA urgent warning amid turmoil over 'Rachel Reeves raid' and markets
5 Comments
Rachel Reeves Cash ISA tax raid forces savers into jaws of looming stock market crash
103 Comments
Donald Trump's major climbdown after trade war sparks Wall Street panic
126 Comments
The mega-rich country with 756 billionaires - the most in the world
1 Comments
Rachel Reeves's Cash ISA raid is looming fast - ‘one last chance for tax-free benefit'
45 Comments
The worst of Rachel Reeves's tax hikes haven't even hit us yet - April will be carnage
127 Comments
US economy plunges as Hargreaves Lansdown addresses 'volatile' Stocks and Shares ISAs
11 Comments
Labour slammed for threatening British holidays with latest tax raid
23 Comments
Russian economic meltdown as light industry 'collapses' and thousands of firms go bust
88 Comments
Don't miss...
Rachel Reeves warned massive change in Spring Budget will be 'catastrophic'
Family of murdered MP David Amess slam Yvette Cooper over 'wall of silence'
Mr Trump dismissed business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners, as well as the prospect of higher prices, but was unable to rule out the possibility of a recession in America this year.
After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Mr Trump said his plans for broader “reciprocal” tariffs will go into effect on April 2, raising them to match what other countries assess.
Asked about warnings of an economic contraction in the first quarter of the year, Mr Trump seemingly acknowledged that his plans could affect US growth.
Sponsored
Finance Wallet Learn More
Nevada Introduces New Benefit for "Senior Drivers"
Undo
by Taboola by Taboola
However, he claimed, it would ultimately be “great for us”.
Although Mr Trump’s early implementation of tariffs has been inconsistent – with him imposing them, then pulling many back – he has been steadfast in endorsing the idea of 21st century protectionism.
Don't miss...
US stock market meltdown hits UK pensions as Donald Trump's tariffs spark panic [LATEST]
Cost of school dinners to increase as councils run out of money [NEWS]
Labour politicians fear Nigel Farage and Reform UK are set for big wins [POLITICS]
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
There have even been suggestions that higher import tariffs on America’s foreign trading partners could eventually replace the federal income tax.
Meanwhile, the leaders of China – which has been locked in a trade and tech war with the US for years – say they are open to talks with the US President, but they also made preparations for higher US tariffs, which have risen 20% since Mr Trump took office seven weeks ago.
DON'T MISS
Powered by
Donald Trump's major climbdown after trade war sparks Wall Street panic
126 Comments
The mega-rich country with 756 billionaires - the most in the world
1 Comments
Rachel Reeves's Cash ISA raid is looming fast - ‘one last chance for tax-free benefit'
45 Comments
The worst of Rachel Reeves's tax hikes haven't even hit us yet - April will be carnage
127 Comments
US economy plunges as Hargreaves Lansdown addresses 'volatile' Stocks and Shares ISAs
11 Comments
Labour slammed for threatening British holidays with latest tax raid
23 Comments
Russian economic meltdown as light industry 'collapses' and thousands of firms go bust
88 Comments
Trump rages threatening 250% tariffs as trade war fears explode
56 Comments
Trump's 'very dumb' move against 'closest friend' savaged as US trade war in full swing
78 Comments
The world's richest leader 'worth ￡162bn' - more than Donald Trump and Xi Jinping combined
5 Comments
Price of a full English breakfast could soar ￡6.88 unless Rachel Reeves slashes one thing
5 Comments
Huge boost for M&S staff as ￡95m of pay rises announced
2 Comments
Russian economy meltdown as banks ‘try to cash in on customers' with loan costs
14 Comments
China economic crisis as Trump's tariffs branded 'kryptonite for investment'
4 Comments
The Easiest Way to Get Your Passport in 2025.GovPlus Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
US stock market meltdown hits UK pensions as Donald Trump's tariffs spark panic
48 Comments
US faces fastest crash since Covid as Trump tariffs trigger ultimate red flag alert
194 Comments
A Professional Engineer Designed the Nail Clipper for Seniors All Over the WorldSherum Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
China and Canada vow to hit back as Trump tariffs take effect
29 Comments
'Trumpcession' fears mount as US economy 'choking' and 'people will lose their jobs'
98 Comments
A 70-yr-old Granny Made a Push-up Bra for Women to Wear All Day.Grishay Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Expert in ISA urgent warning amid turmoil over 'Rachel Reeves raid' and markets
5 Comments
Rachel Reeves Cash ISA tax raid forces savers into jaws of looming stock market crash
103 Comments
What Does an Atopic Dermatitis Rash Look Like? (Take a Look for Yourself)Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Donald Trump's major climbdown after trade war sparks Wall Street panic
126 Comments
The mega-rich country with 756 billionaires - the most in the world
1 Comments
Eat 1 Teaspoon Every Night, See What Happens a Week LaterHealth Wellness Journal Watch More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves's Cash ISA raid is looming fast - ‘one last chance for tax-free benefit'
45 Comments
The worst of Rachel Reeves's tax hikes haven't even hit us yet - April will be carnage
127 Comments
"I wish I did this Sooner" - Anna STell Tales Shop Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
US economy plunges as Hargreaves Lansdown addresses 'volatile' Stocks and Shares ISAs
11 Comments
Labour slammed for threatening British holidays with latest tax raid
23 Comments
Here's Why Christina Hall Loves This 1-Day Bathroom Remodel ServiceSmart Lifestyle Trends Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Russian economic meltdown as light industry 'collapses' and thousands of firms go bust
88 Comments
Trump rages threatening 250% tariffs as trade war fears explode
56 Comments
Experts Say This Drugstore Wrinkle Cream Is Actually Worth ItSenior Skin Solutions Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Trump's 'very dumb' move against 'closest friend' savaged as US trade war in full swing
78 Comments
The world's richest leader 'worth ￡162bn' - more than Donald Trump and Xi Jinping combined
5 Comments
Here’s How Much A 1-Day Walk In Shower Costs In Las VegasSmart Lifestyle Trends Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Price of a full English breakfast could soar ￡6.88 unless Rachel Reeves slashes one thing
5 Comments
Huge boost for M&S staff as ￡95m of pay rises announced
2 Comments
Costco Shoppers Say This Wrinkle Cream is "Absolutely Worth It"Vibriance Shop Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Russian economy meltdown as banks ‘try to cash in on customers' with loan costs
14 Comments
China economic crisis as Trump's tariffs branded 'kryptonite for investment'
4 Comments
US stock market meltdown hits UK pensions as Donald Trump's tariffs spark panic
48 Comments
US faces fastest crash since Covid as Trump tariffs trigger ultimate red flag alert
194 Comments
China and Canada vow to hit back as Trump tariffs take effect
29 Comments
'Trumpcession' fears mount as US economy 'choking' and 'people will lose their jobs'
98 Comments
Expert in ISA urgent warning amid turmoil over 'Rachel Reeves raid' and markets
5 Comments
Rachel Reeves Cash ISA tax raid forces savers into jaws of looming stock market crash
103 Comments
Donald Trump's major climbdown after trade war sparks Wall Street panic
126 Comments
The mega-rich country with 756 billionaires - the most in the world
1 Comments
Rachel Reeves's Cash ISA raid is looming fast - ‘one last chance for tax-free benefit'
45 Comments
The worst of Rachel Reeves's tax hikes haven't even hit us yet - April will be carnage
127 Comments
US economy plunges as Hargreaves Lansdown addresses 'volatile' Stocks and Shares ISAs
11 Comments
Labour slammed for threatening British holidays with latest tax raid
23 Comments
Russian economic meltdown as light industry 'collapses' and thousands of firms go bust
88 Comments
This Is The Highest Rated Hearing Aid In Nevadahear.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Side Sleepers Get Neck Pain - Few Know This...Sleep Digest Publication
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
What Does Atopic Dermatitis Look Like? (Take ...Atopic Dermatitis Rash
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
The Easiest Way to Get Your Passport in 2025.GovPlus
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Intent on not being caught as off-guard as they were during Mr Trump’s first term, Chinese leaders were ready with retaliatory measures – imposing their own taxes this past week on key US farm imports and more.
After the US this past week imposed another 10% tariff, on top of the 10% imposed on February 4, the Chinese foreign ministry uttered its sharpest retort yet: “If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.”
The UK has hoped to avoid being targeted by US tariffs. However, chaos in the US economy will inevitably affect us too.