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News in English (USA) / 02.08.2025 / 11:00

Dow Falls Sharply Amid New Tariffs and Hiring Slowdown

The stock market experienced significant turmoil as the Dow Jones Industrial Average fell over 500 points, driven by investor concerns over a slowdown in hiring and the implementation of new tariffs by the Trump administration. The announcement of sweeping tariffs affecting numerous countries has raised questions about potential price increases on consumer goods, notably food. Analysts are divided on the impact of these tariffs, with some suggesting that while Trump may believe he is winning on trade, the American economy could ultimately bear the costs. As businesses struggle to navigate the shifting landscape of international trade, global markets have reacted sharply, showing signs of decline. The situation continues to evolve as details emerge about specific tariffs and their consequences for both U.S. markets and foreign partners.
CBS News, CNN, NBC News, The Economist, Yahoo Finance, RTE.ie, The Budget Lab at Yale, KSL.com, NPR, Al Jazeera