Trump’s Tariffs Trigger Stock Market Plunge as Global Markets React to New Trade Measures

The US stock market experienced its worst week since the COVID-19 pandemic following President Trump’s announcement of retaliatory tariffs on April 2nd. These tariffs, which included a general 10% levy on imports from all countries and reciprocal import levies targeting specific nations, have sent shockwaves across global markets. The S&P 500 alone lost over 6% this week, with the Nasdaq 100 also experiencing notable losses as the Dow Jones Industrial Average saw significant declines. The impact was especially pronounced for tech giants such as Microsoft (MSFT), Apple (AAPL), and Nvidia (NVDA), which suffered massive losses.