Squawk on the Street

Market Sell-Off: Stocks Slammed on Trump Tariff Announcement 4/3/25

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Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding Thursday's global market sell-off, sparked by the sweeping new tariffs unveiled by President Trump right after Wednesday's close of trading. Apple shares poised for their worst day since 2020. Tech, retail, autos and banks among the sectors taking a hit. Jim outlined some bright spots in this market. Also in focus: What Commerce Secretary Howard Lutnick told CNBC about tariffs and U.S. markets, China’s reaction to Pres. Trump's tariff  announcement, RH plummets and CEO Gary Friedman delivers a colorful comment on the company's earnings call.

 

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