Wall Street’s Magnificent Seven pack sheds 15% YTD: Aswath Damodaran eyes tariff-crisis aftershock on US stock market
In early April 2025, global financial markets were jolted by a sharp and unexpected escalation in trade policy. US President Donald Trump announced sweeping reciprocal tariffs targeting nearly every major trading partner, a move that went beyond the tit-for-tat approach of previous years. US equities had the biggest decline in dollar value terms, losing $5.3…