- U.S. stock market responded negatively on Monday President Trump announced via social media that he would unilaterally impose a 25% trade tariff on Japan and South Korea. The tariffs target the closest allies of the United States and major suppliers of automobiles, electronics and steel.
President Donald Trump shocked global markets on Monday announcement USA Will apply Starting from August 1, a 25% tariff is imposed on all imports imported from Japan and South Korea. The move was a tax of 25% for both leaders and Publishing Truth Society through letters, marking a sharp escalation in the movement that government campaigns forced trading partners to force Trump to call “fair and fairer trade.”
When the news broke, U.S. stocks retreated sharply. this Dow Jones Jones industrial average dropped by as much as 447 points (down 1%), S&P 500 dropped by 0.8%, technology-heavy Nasdaq Composites fell 0.9% at noon trading. The S&P 500 and the Nasdaq posted record highs last week, but optimism evaporated as investors digested the prospect of retaliatory measures and supply chain disruptions. This is how to stand in mid-day trading:
- Dow Jones Jones: -447 points (-1%)
- S&P 500: -0.8%
- Nasdaq: -0.9%
Sudden policy changes inject new uncertainty into the market. Tesla Leadership disconnects, investors fell to nearly 7% as investors focused on the news of the establishment. A new party. The sell-off is based on a wide range of, multinational corporations and manufacturers particularly under attack.
The tariffs target the closest allies of the United States and major suppliers of automobiles, electronics and steel. Companies with global supply chains, especially those with technology, automobiles and consumer goods, may experience higher tax pressures and input costs. Both Japan and South Korea are expected to respond, potentially targeting exports from agriculture to aerospace.
and Q2 Analysts have previously warned that income season is about to begin, tariff-driven cost inflation May appear in profit warning And revised guidance, especially for 500 S&P 500 years of guidance with a large number of Asian risks.
For this story, Fortune uses generated AI to aid in the first draft. The editor verified the accuracy of the information before publishing.
