Wall Street Reacts to Potential Tariff Tensions
Wall Street indexes dropped on Friday after a report that U.S. President Donald Trump is pushing for a 15% to 20% tariff on all EU goods. The Dow Jones, S&P 500, and Nasdaq Composite all experienced declines in response to the potential trade tensions.
Wall Street indexes tumbled on Friday, following a report by the Financial Times that U.S. President Donald Trump aims to implement a minimum 15% to 20% tariff on European Union goods.
As of 12:29 p.m., significant drops were recorded across major indexes. The Dow Jones Industrial Average decreased by 242.74 points, or 0.54%, reaching 44,242.58 points.
The S&P 500 and Nasdaq Composite also faced declines, with the former falling by 7.28 points, or 0.11%, to 6,290.21, and the latter slipping by 15.30 points, or 0.07%, to 20,870.41. The market reacted nervously to the potential escalation in trade tensions.
(With inputs from agencies.)
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- Donald Trump
- Dow Jones
- S&P 500
- Nasdaq
- EU goods
- trade
- economy
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