Stock Market Declines Amid Trade Tensions as Trump Threatens New Tariffs

Reported about 5 hours ago

U.S. stock markets fell on Monday as President Trump announced plans to impose 25% tariffs on imports from Japan and South Korea starting August 1, triggering concerns among investors. The Dow Jones Industrial Average dropped over 400 points, and the S&P 500 and Nasdaq also declined. In addition, Trump warned of further tariffs for countries supporting BRICS' anti-American policies, elevating existing trade tensions ahead of a crucial deadline for tariff deals. Meanwhile, Tesla's stock was negatively impacted amid Musk's controversial political announcements.

Source: YAHOO

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