Markets Drop as Trump Announces New Tariffs on Multiple Countries
TL;DR Summary
President Trump announced new tariffs of up to 40% on several countries, including Japan, South Korea, and others, as part of a strategy to address trade deficits and policies perceived to hinder American exports. The tariffs, which are set to take effect in August, could lead to higher prices for US consumers and impact global markets, with some stock declines observed in auto companies from Japan and South Korea.
- Trump announces new tariffs of up to 40% on a growing number of countries CNN
- Here Are Trump’s New Tariff Threats The New York Times
- Dow slides more than 400 points Monday as new Trump tariffs incite sell-off: Live updates CNBC
- Trump announces tariffs of at least 25 percent on seven countries The Washington Post
- Markets recoil on Trump’s latest tariff moves in Asia Los Angeles Times
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