Global markets fell Friday after President Donald Trump revealed new tariffs on U.S. trading partners. The Dow Jones dropped 600 points at the open. The S&P 500 and Nasdaq also declined, marking a fourth day of losses after a stretch of record gains.
Trump’s order outlined tariffs from 10% to 41% on countries ranging from Chile to Syria, effective August 7. European and Asian indexes also declined, with Germany’s DAX and France’s CAC 40 down more than 2%.
🌤️ 3 things to know this morning:
— Yahoo Finance (@YahooFinance) August 1, 2025
1️⃣ US added 73,000 jobs to the economy in July
2️⃣ President Trump unveils a slew of new tariffs
3️⃣ $AMZN issues a disappointing profit forecast, stock slumps
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Treasury yields dipped as investors moved into bonds, and the U.S. dollar index dropped 1.1%.
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TIPP Staff
