Stock market plunges after Trump tariff announcement
The markets closed down around 4% after President Donald Trump’s announcement to slap reciprocal tariffs on global trading partners. The S&P 500 fell 4.8%, while the Nasdaq fell 6% — both their worst since 2020. The Dow Jones Industrial Average declined 4%, or more than 1,600 — its worst sell-off since 2022.
The markets closed down around 4% after President Donald Trump’s announcement to slap reciprocal tariffs on global trading partners. The S&P 500 fell 4.8%, while the Nasdaq fell 6% — both their worst since 2020. The Dow Jones Industrial Average declined 4%, or more than 1,600 — its worst sell-off since 2022.
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