Stocks fell globally after President Trump announced plans to impose higher tariffs on goods from over 90 countries. In the U.S., the Dow Jones and S&P 500 dropped about 1%, while the Nasdaq fell 1.5%. The decline mirrored losses in Asian and European markets as investors reacted to the trade tensions.
Adding to concerns, new data revealed that U.S. job growth in May, June, and July slowed more sharply than initially estimated, raising economic worries. However, the market impact remains milder compared to April’s tariff-related turmoil. Despite the downturn, U.S. markets had recently reached record highs, suggesting underlying resilience. The situation remains fluid as investors assess the long-term effects of trade policies and economic signals.
