Markets plunge after 'Liberation Day' tariffs

By Maria Aspan

Published April 3, 2025 at 5:14 PM EDT

President Trump's sweeping tariff announcement triggered a sharp drop in U.S. stock markets, a flashing-red warning sign of the economic fallout that's expected to result from the widening trade war.

Maria Aspan

Maria Aspan is the financial correspondent for NPR. She reports on the world of finance broadly, and how it affects all of our lives.

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Markets plunge after 'Liberation Day' tariffs