As markets tumble, news outlets expose bias towards Trump
President Donald Trump announced a series of tariffs aimed at addressing the U.S. trade deficit and promoting domestic manufacturing. The plan introduced a universal 10% tariff on most U.S. imports, which is set to go into effect on April 5. Higher rates for specific “worst offender” countries will go into effect on April 9, and include 34% on China, 20% on the European Union, 25% on South Korea, and 24% on Japan.
These measures were set to raise the U.S.’s effective tariff rate to levels not seen in decades, prompting concerns about potential global economic repercussions.
President Trump defended the tariffs, asserting they would lead to economic growth, while critics warned of potential global economic instability.
In retaliation, China imposed a 34% tariff on all U.S. imports and restricted exports of rare earth minerals essential for high-tech industries. Additionally, China suspended imports from certain U.S. companies and placed others on trade sanction lists.
The financial markets responded negatively to these developments. On April 3, the Dow Jones Industrial Average dropped 1,679 points (3.98%), the S&P 500 fell 4.85%, and the Nasdaq Composite declined 5.99%, marking the worst single-day performance since 2020 and erasing approximately $3.1 trillion in market value.
Most media outlets around the world, regardless of their right-or-left leaning stance, criticised the decision.
However, Fox News deliberately removed its stock ticker, hiding the real-time impact of the tariffs from viewers:
The exact moment Fox News decided to hide the fact that the #StockMarket is crashing today by hiding their market ticker (the first time in 28 years they’ve done this) If Fox isn’t outright lying, they’re hiding the truth. #stockmarketcrash #Trump Tariffs pic.twitter.com/YrHLEAczLm
— BigBlueWaveUSA2026® 🇺🇸🌊🇺🇦 (@BigBlueWaveUSA) April 3, 2025
