Breaking news: S&P 500 plunges over 3% as markets reel from shock of Trump’s tariffs

The tariffs are likely to drive up prices for American consumers and manufacturers.

View in browser April 3, 2025, 9:42 a.m. ET S&P 500 Plunges Over 3% as Markets Reel From Shock of Trump's Tariffs The tariffs announced on Wednesday were far higher than experts had expected, and are likely to drive up prices for American consumers and manufacturers. Follow live updates More coverage Analysis: President Trump's tariffs are the latest sign of his second-term appetite for risk. → A stunned world is reckoning with the economic fallout from the tariffs. → Here's how tariffs work. → Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018