Stocks tumbled on Monday as Donald Trump unveiled new tariff rates for a number of countries, taking a few steps closer, once again, to the brink of a global trade war. The U.S. trade deficit “is a major threat to our Economy and, indeed, our National Security!” they continue, and the tariffs, Trump warns, “may be modified, upward or downward, depending on our relationship with your Country.” The stock market didn’t take kindly to Trump reviving the prospect of trade war, as the Dow, S&P, and Nasdaq fell 0.9, 0.8, and 0.9 percent, respectively.
Author: Robert McCoy
Published at: 2025-07-07 21:57:54
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