Trading Day: Trump tariff chaos hits US stocks hardest - Reuters

<a href="https://news.google.com/rss/articles/CBMihgFBVV95cUxNYzRWQmdlZnhRemI2UHFUcnZDcUxtWThhMFVXSndzdlduWFpVN09vektBVUlPdi1EZ0lmS2hacHhpRHNWZVl6NmpQNmdWcmRVMVJ3OG0zbjZtQldxLWtMRjl0SXlQVTNpM2JCYnpXLW5qc2FTWUpEbE9kdnJFM044X05pbEVkdw?oc=5" target="_blank">Trading Day: Trump tariff chaos hits US stocks hardest</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

U.S. stock markets experienced significant declines following President Trump's announcement of a new 15% global tariff, with major indices like the Dow Jones Industrial Average falling below 49,000 points.

The Dow Jones Industrial Average dropped approximately 700 points, or 1.45%, as President Trump's decision to raise the global tariff to 15% rattled markets, leading to a sell-off in riskier assets.

U.S. stock markets experienced significant declines following President Trump's announcement of a new 15% global tariff, with major indices like the Dow Jones Industrial Average falling below 49,000 points.

President Donald Trump's rollout of sweeping tariffs on virtually all U.S. imports shattered markets, with the S&P 500 tumbling more than 3.7%. The Dow Jones Industrial Average fell 3.1%, or 1,300 points, and the tech-heavy Nasdaq plunged 4.8%. Retail stocks were among the hardest hit, as tariffs on major manufacturing and exporting nations such as China could climb as high as 54%.

A renewed wave of volatility gripped global markets ahead of US President Donald Trump’s tariff roll-out, with stocks erasing losses in the final stretch of a jittery quarter. The S&P 500 wiped out a 1.7 per cent drop, and US shares saw their worst quarter since 2022. Defensive groups led gains on Monday, while energy producers joined a rally in oil after Trump suggested the US may work to curtail crude shipments from Russia.

U.S. stocks slumped after President Donald Trump ramped up his newest tariffs, while investors continued to punish companies that could be losers in the artificial-intelligence revolution. The S&P 500 fell 1% after Trump said on Saturday that he would place temporary 15% tariffs on other countries, up from the 10% rate he announced Friday following a Supreme Court ruling that struck down his sweeping 'reciprocal' taxes on imports from around the world.

Stock markets stumbled on Monday as Donald Trump pushed ahead with fresh tariffs on the US’s trading partners despite a Supreme Court strike-down and growing opposition from domestic voters. Uncertainty over the status of global trade deals spooked investors, triggering a drop in US share prices, including the Dow Jones Industrial Average, which tumbled 1.4% in morning trading. The S&P 500 and Nasdaq 100 also fell 0.9% and 1.1%, following losses for UK and European stock markets.