Timeline of the 2025 stock market crash
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This article documents events of the 2025 stock market crash and 2025 trade war. Some developments shall become known and/or understood only in retrospect (via reportage, memoirs, academic analysis, etc.); the timeline is not exhaustive. Background Timeline April *April 2: President Trump announces "Liberation Day": An omnibus 10% tariff on all imports (plus further, more specific, tariffs on "dozens of countries", plus the European Union), Furthermore, Trump announces a tariff of 125% on China "effective immediately". *April 5: The Dow Jones Industrial Average falls for the third straight day. *April 6: The S&P 500 has since Inauguration Day lost 15% of its value. The markets have had their worst week since the 2020 stock market crash of the COVID-19 lockdown era. *April 7: Nasdaq Composite down 19% from year-to-date, and the S&P 500 14%. Markets fall globally, and a 15-minute trading curb is automatically triggered when Japan's Nikkei falls 7%. *April 9: Dow down more than 900 points, NASDAQ 3%, in the week since Liberation Day. *April 10: The White House announces a China tariff of 145%; Canada's 25% tariffs on certain automobiles come into force. *April 11: The VIX index ends a week breaking 45 for the 21st time since 1990, 35 years ago. *April 12: The S&P 500 has undergone intraday moves, either up or down, of at least 4.9% in each of the past six trading sessions, the longest such stretch since March 2020. *April 15: ICE U.S. Dollar Index reaches 8%, "its worst start to a year since 1995". *April 23: The S&P 500 has gained or lost at least 1 per cent in seven of its past ten sessions.
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