Donald Trump's 15% Global Tariff Hike Triggers 800-Point Drop in Dow Jones

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Dow Jones Plunges 800 Points as Trump Announces 15% Global Tariff Hike

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo

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CNBC TV18•23-02-2026, 22:30

Dow Jones Plunges 800 Points as Trump Announces 15% Global Tariff Hike

•US stock markets declined on Monday after President Donald Trump announced a 15% increase in global tariffs.
•The Dow Jones Industrial Average dropped 807 points, S&P 500 shed 1.2%, and Nasdaq Composite declined 1.4%.
•Trump stated on Truth Social that he would raise the worldwide tariff to 15% immediately, citing countries 'ripping' the U.S. off.
•The move follows the Supreme Court’s decision to block his previous “reciprocal” tariffs, creating global economic uncertainty.
•Bitcoin fell 5% to below $65,000 amid investor concerns over speculative assets and potential cryptocurrency regulations.

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