US stocks ended Thursday with a sharp decline in the biggest one-day loss since 2020 after President Donald Trump announced his long-awaited reciprocal tariffs Wednesday after markets closed, Anadolu Ajansi (AA) reported.

A minimum baseline tariff of 10 percent will be imposed on all countries except Canada and Mexico, with higher penalties charged on nations Trump deemed to be the "worst" trade offenders.

The president said his new economic effort seeks to...