Trump's Surprise Policy Shakes World Markets

Donald Trump announced a new tariff policy targeting many countries. This sudden move caused global stock markets to crash, especially in the United States. Investors started to panic, and experts say this is the biggest market fall since the COVID-19 pandemic. High taxes on trade are increasing business costs and slowing down international trade.

Tech Billionaires Face Record-Breaking Losses

The market crash hit tech giants the hardest. Mark Zuckerberg (Meta CEO) lost $17.9 billion, Jeff Bezos (Amazon founder) lost $16 billion, and Elon Musk (Tesla CEO) lost $8.7 billion in one day. Many others like Jensen Huang (NVIDIA), Bill Gates (Microsoft), Larry Page, Sergey Brin (Alphabet), Sundar Pichai, and Tim Cook also faced heavy losses in their personal wealth.

Legal Challenges May Follow Trump’s Decision

Experts believe Trump's decision might face legal issues. Companies are likely to lobby the government to reduce these tariffs. Trump made this decision under the IEEPA law, which is rarely used for such big economic changes. The U.S. finance ministry said there’s still a chance to reduce these taxes through discussions.