Trump’s Reciprocal Tariffs Trigger $2 Trillion Market Plunge in S&P 500

Donald Trump’s announcement of reciprocal tariffs on 185 countries, a move marking one of the largest tariff implementations in US history, triggered a significant market downturn. The S&P 500 futures saw an estimated $2 trillion in market value erased within minutes as global investors reacted to the unprecedented trade actions. This decline was evident in Bitcoin’s price drop below $83,000 after the announcement. Crypto markets also witnessed a slight dip of approximately 1% over the past 24 hours. Experts attribute this shift to increasing concerns about potential economic disruptions from heightened geopolitical tensions.