Trump's Liberation Day tariffs are crashing the stock market. Yesterday Dow Jones:  - 1630  3.9% drop S&P 500:  -274  4.84% drop  ( itself lost nearly $2 trillion of value ) Nasdaq composite:  -1050  -6.97% NBC News: The ripple effects of tariffs will be felt the most by lower-income Americans.   Here’s why. A growing number of Republicans are joining Democrats   as they consider ways to rescind existing tariffs   while limiting Trump’s ability to impose new ones. Today Dow Jones:  -2238  5.5% drop S&P 500:  -323  6% drop Nasdaq composite  -963  -5.8% drop U.S crude oil prices declined 7.3% to $62.54/barrel, a drop of $4.41. From  Time magazine : Trump had initially publicized his tariffs as   “reciprocal tariffs” —meaning taxes on other countries equal to the existing tariffs foreign countries have set against American goods. However, the tariffs announced on Trump’s “Liberation Day” were ...