The MICEX tanked almost 11 percent on Monday, wiping the equivalent of $60 billion off the value of its biggest companies, and that's more than the estimated cost of hosting the Olympic Games in Sochi.
The announcements of the tariffs quickly tanked global markets, dealing a blow to investment portfolios, and economists say many of the costs associated with the tariffs will be passed on to consumers.
America remains the EU's biggest export market (followed by Britain), but overall trade slumped between the two after their economies tanked during the pandemic.
Millions of others have lost jobs, school has been disrupted for children and teachers, stocks tanked when we started wearing masks almost everywhere we went.