Trump Tariffs Take Effect: Dow Sinks, Nasdaq Flips Positive
The Dow Jones Industrial Average fell about 0.7% in response to fresh tariffs on Canada, Mexico, and China, while the benchmark S&P 500 dropped 0.3% after scaling back steeper losses. The Nasdaq Composite rose 0.6% after also paring losses, its only index to gain ground. Rising fears of a full-on trade war drove Monday's sell-off as President Trump imposed new tariffs on America's top trading partners.
- This escalation could mark the beginning of a broader shift in global trade patterns, with implications for industries and consumers worldwide.
- How will the long-term effects of these tariffs on supply chains, innovation, and economic growth play out in the coming months and years?