# Stock Markets Tank at Open as Investors Panic Over Tariff Plans

*Author: Bankless*
*Published: Apr 3, 2025*
*Source: https://www.bankless.com/de/read/stock-markets-tank-at-open-as-investors-panic-over-tariff-plans*

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President Trump's latest tariff announcements prompted a sharp sell-off in stock markets, with major indices registering their biggest drops in years. 

## **What’s the Scoop?**
- **Market Fallout**: The S&P 500 dropped 3.4%, the Nasdaq lost 5%, and the Dow slid 1,200 points after President Trump's sweeping tariff announcements.
- **Tariff Breakdown**: The White House unveiled a 10% base tariff on all countries, with higher rates targeting those with significant trade imbalances.
- **Economic Concerns**: Major multinational companies like Apple and Nike saw shares tumble, amplifying fears of a global economic slowdown.