Sharjeel Ahmed

Market News: Global Stocks Sink 3% as Trade Tariffs Spark Selloff

Stock markets took a heavy hit today. The Dow Jones Industrial Average dropped 758 points to 41,541.09. The S&P 500 and Nasdaq faced even bigger losses at 2% and 2.8%. Markets reacted strongly after President Trump declared a 25% tariff on imported vehicles and auto parts. This decision will make vehicles more expensive for American consumers.