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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 over President Donald Trump's tariff policies, marking the biggest single-day decline since 2020.
  • The Consumer Technology Association warned that Trump's tariffs would cause massive tax hikes on American consumers, leading to inflation and economic harm.
  • Investors reacted negatively to the tariffs, resulting in significant drops in major stock indexes, impacting companies like Nike and Apple.
  • Vice President JD Vance stated that short-term pain from the tariffs might lead to long-term economic health and job retention in America.
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Fortune broke the news in New York, United States on Wednesday, April 2, 2025.
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