02/03/2025

Dow Drops More Than 400 Points after U.S. Hits Key Trade Partners with Tariffs

U.S. trading partners are shocked by the unequal treatment

In a surprise to few, stocks dropped to kick off February after President Donald Trump hit several key U.S. trading partners with tariffs, raising fears that a full-blown trade war would disrupt global supply chains, reignite inflation and slow the economy.

The Dow Jones Industrial Average traded more 458 points lower, or 1.1 percent. The S&P 500 shed 1.5 percent and the Nasdaq Composite fell 1.8 percent.

The impact from the new tariffs ricocheted around the globe.

Please select this link to read the complete article from CNBC.