Wall Street drops as Trump’s tariffs hit markets worldwide; Dow down 550 points
THIS IS A BREAKING NEWS UPDATE: (AP) Worries about President Donald Trump’s tariffs are hurting U.S. stocks. The S&P 500 sank 1.7% in early Monday trading following similar losses for markets across Asia and Europe. The Dow Jones Industrial Average fell 557 points, and the Nasdaq composite dropped 2.1%.
Markets slide as Trump's tariff war escalates
Shares in Europe and Asia have fallen after US President Donald Trump announced tariffs on Canada, Mexico and China, and said tariffs on the EU would "definitely happen". The German and French stock markets were down about 2%, with shares in carmakers among the worst hit, while London's FTSE 100 dropped more 1%.
After announcing levies on imports from Canada, Mexico and China, the president has hinted at expanding the meaures.
President Donald Trump announced extraordinary new tariffs over the weekend on Mexico, Canada and China, and the leaders of all three countries have since announced retaliatory measures. Follow for ...
European markets have already fallen in reaction to the US president announcing a 25% import tax on goods from Canada and Mexico, and 10% on goods from China.
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a ...
Global markets started the week in the red on the first day of trading after President Donald Trump's tariff threats for key ...
President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs ...
President Donald Trump has begun his second administration with a series of controversial moves and decisions.
President Trump imposed 25% tariffs on imports from Mexico and Canada starting Saturday, as well as an additional 10% tariff on imports from China. While Mr. Trump describes tarif ...
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