Trump Administration
Live Blog EndedApr 4, 2025

China strikes back as stocks slide after worst day since 2020

The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%

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NBC Universal, Inc.
President Donald Trump outlines a series of new tariffs during a speech at the White House on Wednesday, including a 25% tariff on all foreign made automobiles.

What to Know

  • The worldwide sell-off for financial markets slammed into a higher, scarier gear.
  • The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%
  • Trump said he will extend the deadline for TikTok to find a U.S. buyer or face a ban, giving the China-based owner ByteDance an additional 75 days to reach a deal.
  • A federal judge ordered the Trump administration to arrange for the return of a Maryland man to the United States after he was mistakenly deported to a notorious El Salvador prison

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