Wall Street crashes: Dow plunges 1,679 points, Nasdaq tanks 6% as Trump’s tariffs roil markets

BusinessLine - April 3, 2025

Wall Street crashes: Dow plunges 1,679 points, Nasdaq tanks 6% as Trump’s tariffs roil markets

Investors reacted to fears of a toxic combination of slowing economic growth and rising inflation due to the tariffs, which could potentially cut US economic growth by 2% and increase inflation to nearly 5%.

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