U.S. Stock Market Plunges Amid Reciprocal Tariffs: Tech Stocks Take Hit

The U.S. stock market experienced a significant downturn on April 3, 2025, primarily due to the introduction of new reciprocal tariffs by the Trump administration. This move impacted tech stocks particularly hard as they faced increased uncertainty and market volatility. Tech giants like Apple, Amazon, and Nvidia saw substantial drops in their valuations, reflecting concerns about global trade tensions.