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

  • The Dow futures dropped over 1,200 points due to concerns over President Donald Trump's proposed tariffs, marking the biggest single-day decline since 2020.
  • The decline of 3.5% in S&P 500 futures indicates fears of a potential global trade war threatening economic stability.
  • Analysts warned that Trump's tariffs could lead to higher prices and job losses, with some suggesting a potential 'Trump Recession.'
  • Global markets are anxious, with economists noting that retaliatory measures from other nations could escalate tensions into a global trade conflict.
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Fortune broke the news in New York, United States on Wednesday, April 2, 2025.
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