US stock market suffers biggest one-day losses since 2020 after Trump's tariffs
A sharp sell-off occurred on Wall Street amid fears of trade wars following US President Donald Trump's announcement of reciprocal tariffs on countries, including India. The S&P 500 suffered its worst one-day drop since 2020, falling 4.84%, while the Dow and Nasdaq slid over 1,600 and 1,000 points, respectively. Nike shares crashed 14% and Apple shares were down nearly 10%.