US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.

The stock market plunged after President Donald Trump made his tariff announcement. To state the obvious, it was worse than investors feared, and now they need to figure out what it means for stocks over the rest of 2025.

Wealth management advisors say the full effects of the tariffs are yet to be seen, but some worry the impact will be catastrophic.

Here are some notable moves across sectors in global markets, following President Trump’s “Liberation Day” tariffs. 🍾 Alcoholic drinks Some investors turned to drink: Scotch producer Diageo and Aperol maker Campari were among the few risers in Europe.

The vibe among Trump supporters is short-term pain for long-term gain. But political views often shape how people feel about the market, experts say.

Recently, according to a Bloomberg story this week, Walmart recently got into trouble with Chinese authorities for pressuring its suppliers there to suck up the price of the tarif

US stocks extend their opening losses on fearsTrump's tariff plan will lead to trade war. Dow loses 1400 pts. S&P 500 headed for worst day in 2 years.

Discount retailers also emerged as a way to play the tariff selloff, as the Dow Jones Industrial Average cratered by 4%, or 1,679 points. The S&P 500 retreated by 4.8%, and the Nasdaq lost about 6% of its value.