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Trump Tariffs Erase $2.5 Trillion From US Stock Market in Biggest Single-Day Drop Since 2020

  • U.S. Stocks fell sharply after President Trump announced new tariffs impacting nearly all imports into the United States, leading to a loss of $2.5 trillion.
  • The S&P 500 dropped 3.3%, the Dow Jones Industrial Average lost 1,200 points, and the Nasdaq decreased by 4.6%.
  • Global financial markets have been unstable due to uncertainty surrounding Trump's trade policies, impacting investor confidence.
  • Trump's tariffs include a 10% tax on imports and increased rates on nations with trade surpluses with the United States.
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Fortune broke the news in New York, United States on Wednesday, April 2, 2025.
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