
US Stock Markets Fall as US Announces New Tariff Rates on Dozens of Countries
Global Markets Turmoil as President Trump Announces Wide-Scale Tariff Increases US Stock Markets Fall as global financial markets on Friday, August 1, 2025, saw great turmoil following President Donald Trump’s implementation of wide-scale tariff increases affecting nearly all U.S. trading partners. The Dow Jones Industrial Average dropped over 583 points (a 1.3% decline), while the…