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

  • Financial markets fell sharply as Dow futures dropped over 1,200 points due to concerns over President Donald Trump's proposed tariffs, as reported by CNBC.
  • The tariffs, aimed at countries like China and the European Union, could potentially trigger a global trade war and affect economic stability, according to multiple reports.
  • The Consumer Technology Association warned that these tariffs would raise consumer prices and lead to retaliatory measures from trade partners, affecting American consumers.
  • Vice President JD Vance stated that while short-term pain from tariffs is expected, it could lead to long-term economic health by keeping jobs in the U.S.
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Fortune broke the news in New York, United States on Wednesday, April 2, 2025.
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