U.S. Stocks Plummet Amid Trump's Tariff Plan

U.S. stock markets experienced significant declines on Thursday, with the S&P 500 dropping 4.84%, the Nasdaq down 5.97%, and the Dow Jones falling 3.98%, marking one of the worst trading days since 2020. This turmoil follows President Donald Trump's announcement of new tariffs impacting over 180 countries, which investors fear could lead to economic repercussions, including higher consumer prices and supply chain disruptions. By mid-morning, the Dow was down more than 1,500 points, and major retailers and restaurants like Starbucks and Chipotle saw their stocks tumble due to potential impacts on imports. Analysts are concerned that these tariffs could erode consumer and business confidence, which might slow down economic momentum. As market participants brace for further developments, including a forthcoming reciprocal tariff strategy from the White House, investor sentiment remains highly volatile. The broader implications of these tariffs are expected to resonate across various sectors, affecting corporate profits and consumer spending.