Dow Jones drops 1,400 points as US stock market leads global sell-off after Trump’s tariffs spark recession fears
The US stock market plunged sharply on Thursday, with the Dow Jones Industrial Average dropping 1,400 points, or 3.3%, amid widespread concerns triggered by President Donald Trump’s latest set of severe tariffs. According to news agency AP, the S&P 500 fell 4%, while the Nasdaq Composite dropped 5.1%, reflecting a broader global market sell-off. At one point in the morning, the S&P 500 was on track for its worst day since the COVID-19 pandemic began in 2020.The announcement of new tariffs on imports, including a 10% baseline tax on a range of products, caused significant alarm among investors, fuelling fears of rising inflation and slowing economic growth. The impact was felt globally, with major stock indexes in Europe and Asia…
