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Wall Street reels after Trump tariff shock wipes trillions off markets

Wall Street ends a bruising week deep in the red after Trump鈥檚 tariff bombshell. We hear from a port boss, pension experts鈥攁nd TikTok fights on.

Wall Street closes one of its wildest weeks in years, reeling from the impact of Donald Trump鈥檚 sweeping new tariffs on global imports. The S&P 500, Nasdaq Composite, and Dow all plunged.

We assess the fallout with our US Business Correspondent Michelle Fleury in New York, and speak to Gene Seroka, Executive Director of the Port of Los Angeles鈥攖he largest container port in North America鈥攁bout what it means for trade and supply chains.

With trillions wiped off share values, what does it mean for those with pensions heavily tied to Wall Street? Maria Johannssen of AON explains how retirement pots could be hit, and whether there鈥檚 cause for alarm.

Plus, TikTok survives another day in the US鈥攂ut for how long? We explore the latest on the app鈥檚 uncertain future and who might be lining up to buy it.

And as tariffs threaten to raise car prices, we look at why America is phasing out the last of its truly affordable new vehicles. Marketplace鈥檚 Henry Epp reports on the death of the compact car.

Available now

27 minutes

Last on

Fri 4 Apr 2025 22:32GMT

Broadcasts

  • Fri 4 Apr 2025 21:32GMT
  • Fri 4 Apr 2025 22:32GMT