A TV anchor was left gobsmacked by the higher-than-expected tariffs President Donald Trump announced on Wednesday, saying Americans should be prepared for serious impacts to the market.

“The market reaction after hours ― I’ve never seen anything like it,” said CNBC’s “Closing Bell” co-anchor Jon Fortt. “This ― I think, fair to say ― is worse than the worst-case scenario of the tariffs that many in the market expected the president to impose.”

Markets showed heavy after-hours trading, also called extended trading, following Trump’s Rose Garden announcement. So far, there have been drops of 4% at Nvidia, 5% at Tesla, 6% at Apple, 7% at Nike, 11% at Five Below and 12% at Gap, the finance news........

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