President Trump's tariff threats caused stock market plunge before Memorial Day, impacting various industries

From Dow Jones & Company: 2025-05-23 16:01:00

President Trump’s tariff threats caused a stock market plunge before Memorial Day. The Dow Jones fell 0.6%, S&P 500 dropped 0.7%, Nasdaq fell 1%. Trump’s proposal for 50% tariffs on EU and 25% on iPhones led to sharp stock futures decline. He clarified tariffs would also impact Samsung and smartphone manufacturers.



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