Dow Jones nosedives 2,200 points as China pushes back on Trump's tariffs

The S&P 500 has closed at a 5.97% loss, which marks its biggest single-day loss since March 2020, and the Nasdaq Composite dropped 5.8%.

By Misty Severi

Published: April 4, 2025 4:49pm

The Dow Jones Industrial Average on Friday nosedived another 2,200 points (5.5%), marking its biggest drop since June 2020, and the first time it has reported losses of over 1,500 points for two consecutive days.

The stock market has had a rough week in the aftermath of President Donald Trump's new global tariffs on all imported goods. The Dow dropped 1,679-points on Thursday.

The S&P 500 has closed at a 5.97% loss, which marks its biggest single-day loss since March 2020, CNBC reported. The number comes after it closed with a 4.84% loss on Thursday. The Nasdaq Composite dropped 5.8%, which is lower than its drop of 6% on Thursday.

The numbers come after China announced early Friday a 34% tariff on U.S. imports. Companies that have large exposure to China were also hit hard Friday, including Apple, Nvidia and Tesla.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.