The Dow Jones Industrial Average plummeted over 1,000 points as investors reacted to President Trump's announcement of new tariffs on U.S. trading partners. The tech-heavy Nasdaq and the S&P 500 also experienced significant drops. Market uncertainty is expected to persist as experts warn of potential negative impacts on inflation, consumer spending, and economic growth. Overseas markets, including Asia and Europe, also saw declines in response to the news. White House Press Secretary Karoline Leavitt expressed confidence in the administration's economic policies despite the market turmoil.
Source: https://www.cbsnews.com/news/dow-jones-today-stock-tariff-trump-4-3-25/