U.S. Markets Plunge Amid Tariff Turmoil

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U.S. stock markets experienced their worst one-day sell-off since 2020 on April 3, 2025, driven by President Trump’s announcement of steep new tariffs dubbed "Liberation Day," which sent the Dow Jones Industrial Average tumbling nearly 1,700 points, or 4%. The Nasdaq Composite fell approximately 6%, while the S&P 500 dropped nearly 5%, marking a historic downturn for the indices.

The tariffs, which apply a baseline rate of 10% on all U.S. trading partners and escalate to higher rates for so-called "bad actors," raise the effective tariff level in the U.S. to the highest seen in over a century, affecting 185 countries. Analysts from Oxford Economics warned that the U.S. economy is now "dangerously vulnerable" to recession, as fears mount over retaliatory measures and their potential to curtail economic growth.

Tech stocks led the declines, with Apple shares dropping over 9% amid concerns about disrupted supply chains linked to Chinese components. Overall, the market wipeout resulted in the "Magnificent Seven" tech stocks losing over $900 billion in value, alongside significant hits to other sectors, reflecting deepening uncertainty in global economic conditions.

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