Stocks crater as nations vow to retaliate against Trump's tariffs

U.S. stocks plunge in worst session since 2020 amid retaliation warnings from around the world.

President Donald Trump declares sweeping tariffs of 10% on imports from all countries and much higher levies on about 60 , including the European Union and other trade partners.

The timing of the tariffs was curious to many economists, who feared the plan could trigger inflation and spin the economy toward recession.

India 's trade ministry says it is "carefully examining the implications" of the 27% tariff.

A writer says the White House used the U.S. trade deficit with each nation to calculate tariffs.

Lesotho , with a GDP of $ 3,000 , exported more than 10% of that figure to the US in 2024 , totaling $237 million , including Levi 's jeans.

Two senators introduce a bill that would require congressional approval for universal tariffs.

Data from car-shopping app CoPilot found supply on dealership lots has dropped “significantly” since March 23 , especially among foreign-manufactured vehicles.

“I think you’re starting to see a little more panic and concern about the tariff,’s Art Wheaton said.

Tariffs are primarily levied on imports, typically to protect industries in the country levying them.