Wall Street Tumbles Amid New Tariff Announcement

Wall Street's leading indexes suffered losses on Monday following President Donald Trump's declaration of imposing a 25% tariff on imported goods from Japan and South Korea. This new tariff policy is scheduled to commence on August 1.

As of 12:26 p.m., the Dow Jones Industrial Average saw a decline of 456.55 points, translating to a 1.02% drop, bringing it down to 44,369.96. Similarly, the S&P 500 decreased by 53.47 points, equating to a 0.86% loss, falling to 6,225.58.

The Nasdaq Composite also faced a setback, plunging by 187.70 points or 0.88%, reaching 20,413.28. These movements reflect investor concerns over the potential economic impact of the tariffs on international trade relations and market stability.

(With inputs from agencies.)