TrumpTèlǎngpǔ特朗普to announcexuānbù宣布global / worldwidequánqiú全球reciprocal / equivalentduìděng对等tariffsguānshuì关税，US stocksMěigǔ美股to suffer / to encounterzāoyù遭遇COVID-19xīnguān新冠sinceyǐlái以来largest / biggestzuìdà最大single-daydānjì单日sharp plunge / crashbàodiē暴跌。
April 3, 2026 at 6:00 PM
New Words
News in English
BusinessUS Stocks Post Biggest Single-Day Drop Since COVID After Trump Announces Sweeping Reciprocal Tariffs
US stocks plunged on April 3, 2026, with the Nasdaq losing over 1,600 points and the S&P 500 falling 4.84%, after President Trump unveiled sweeping reciprocal tariffs on all global trading partners on April 2.
U.S. President Trump announced on April 2nd that he would levy a 10% base tariff on all global trade partners, and impose reciprocal tariff rates on multiple countries. After the policy was announced, U.S. stocks plunged sharply on April 3rd, becoming one of the most devastating trading days since the COVID-19 pandemic.
The Nasdaq composite index fell more than 1,600 points, the S&P 500 index dropped 4.84%, and the Dow Jones Industrial Index plunged 1,679 points, with a decline reaching 3.98%. Tech stocks and auto stocks bore the brunt of the sell-off, as multinational enterprises with high dependence on cross-border trade and supply chains experienced significant stock price declines.
Market analysts widely worry that sweeping tariffs will intensify inflation pressure, suppress consumer spending, and potentially trigger economic recession. Major trade partners including the European Union and China swiftly expressed their positions and will evaluate countermeasures, with the global trade system facing risks of deep restructuring. Economists warned that if trade friction continues to escalate, global economic growth expectations will face significant downward pressure.
More in Business
International Monetary Fund (IMF)Guójì Huòbì Jījīn Zǔzhī国际货币基金组织and / withyǔ与World BankShìjiè Yínháng世界银行annual meetingniánhuì年会inzài在BangkokMàngǔ曼谷officially / formallyzhèngshì正式to open / to commencekāimù开幕。
IMF and World Bank Annual Meetings Open Formally in Bangkok
CanadaJiānádà加拿大trademàoyì贸易ministerbùzhǎng部长to leadshuài率300 peoplesān bǎi rén三百人delegationdàibiǎotuán代表团to go tofù赴IndiaYìndù印度to visitfǎngwèn访问。
Canadian Trade Minister Leads 300-Member Delegation to India
artificial intelligenceréngōng zhìnéng人工智能revenue / incomeshōurù收入prospects / outlookqiánjǐng前景to trigger / to causeyǐnfā引发doubts / questionsyíwèn疑问，semiconductorbàndǎotǐ半导体stock pricegǔjià股价fromcóng从Octobershí yuè十月peak / high pointgāodiǎn高点to retreat / to fall backhuíluò回落。
AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs
United StatesMěiguó美国stock marketgǔshì股市Fridayzhōuwǔ周五strongly / with forceqiángshì强势to rebound / to rallyfǎntán反弹，Dow Jones IndexDào Zhǐ道指gained more thanzhǎng chāo涨超400 points400 diǎn400点，to end / to concludejiéshù结束volatile / turbulentdòngdàng动荡(particle)de的one weekyī zhōu一周。
US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points