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

  • Dow futures dropped over 1,200 points due to concerns about President Donald Trump's proposed tariffs, marking the largest single-day decline since 2020.
  • Investor anxiety about potential economic instability led to a 3.5% drop in S&P 500 futures, deeply affecting market stability.
  • The Consumer Technology Association warned that the tariffs could increase consumer prices and harm low-income Americans, leading to inflation and retaliatory measures.
  • Vice President JD Vance stated that short-term economic pain from the tariffs could lead to long-term benefits for American jobs and businesses.
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Fortune broke the news in New York, United States on Wednesday, April 2, 2025.
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