Why Arista Networks Stock Plummeted Today

Arista Networks (ANET -11.20%) stock got hit with big sell-offs Thursday as the market reacted to the Trump administration's new tariff policies. The company's share price ended the day down 11.1% in a session that saw the S&P 500 fall 4.9% and the Nasdaq Composite sink 6%.Yesterday, the Trump administration announced that a new 10% import tax on foreign-sourced products will take effect on April 5. On April 9, additional reciprocal import taxes will be placed on goods from a list of companies with which th ...