Washington, April 4 -- US markets on Thursday slid to their lowest in two years in the aftermath and response to President Donald Trump's sweeping tariffs on imports from every trading partner country, while the US dollar slipped to its lowest level.

The Wall Street Journal reported the US market had $2.7 trillion in market cap by noon. At the same point in the day, the Dow industrials had fallen 1300 points, or 3.1 per cent, the tech-heavy Nasdaq slipped 4.8 per cent. President Trump on Wednesday announced sweeping tariffs on imports from more than 100 countries.

There is a baseline rate of 10 per cent with higher, country-specific rates on dozens of trading partner countries, including India (26 per cent), China (34 per cent) and the ...