Donald Trump’s new tariffs sent shockwaves through global markets, wiping out $2 trillion in just 25 seconds. Announcing them as ‘Liberation Day’ in the White House Rose Garden, Trump claimed the tariffs would free the U.S. from reliance on foreign goods.

World leaders, including the European Union, vowed retaliation. China, Mexico, Canada, and the EU were hit with 25% tax hikes, while Japan faced a 24% tariff and Vietnam saw a staggering 50%. The fallout was immediate: “The stock market is tanking because Trump is a stupid piece of s***,” one user ranted on X.

The S&P 500 plunged, with U.S. futures dropping as European and Asian markets followed suit. London’s FTSE 100 fell 1.3%, Germany’s DAX lost 1.6%, and Japan’s Nikkei plummeted 3.3%. Major U.S. companies took heavy losses—Apple dropped 7%, Tesla 8%, and Nvidia 5.6%.

“We’ve seen the administration have a surprisingly high tolerance for market pain,” said Adam Hetts of Janus Henderson Investors, warning that economic hardship may follow. The U.S. dollar hit a six-month low, and investors rushed to gold, pushing it to a record $3,167.50.

“Watch the Magician make $2.3 trillion disappear in 25 seconds,” a viral post mocked. Markets now brace for what’s next.