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P.M. Edition for April 3. U.S. markets experience their steepest declines since 2020, as investors grappled with the impact of President Trump’s new tariff plan. WSJ reporter Hannah Erin Lang joins to discuss. Plus, amid a broader selloff, investors turn to consumer staple stocks. We hear from Journal reporter Stephen Wilmot about which kinds of stocks have emerged as winners. And the U.S. dollar fell today, catching analysts by surprise. Heard on the Street columnist Jon Sindreu tells us what that means for the U.S.’s economic future. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices