Dow Plummets Over 1,500 Points Amid Trump Tariff Uncertainty

U.S. stocks experienced significant declines following President Trump's announcement of extensive new tariffs, which affected over 180 countries. The Dow Jones fell more than 1,500 points, or 3.6%, while the Nasdaq dropped over 800 points, or 4.7%, amidst fears of rising inflation and slowing economic growth due to these tariffs. The new tariff rates include a 10% minimum on all imports, with higher rates for countries like China and the European Union. Analysts warn that these tariffs could reduce U.S. economic growth by as much as 2 percentage points this year and increase inflation to nearly 5%. Global markets reacted similarly, with declines in oil prices and a weakened U.S. dollar against other currencies. The market turmoil reflects investor concerns about the long-term implications of Trump's aggressive tariff strategy, which was perceived as more severe than anticipated.