Trump tariffs: Dow Jones drops 1,400 points, US market leads global sell-off

The US stock market saw a sharp decline as the Dow Jones Industrial Average fell by 1,400 points, or 3.3%, following President Trump’s new tariffs on imports. The S&P 500 and Nasdaq Composite also dropped, reflecting a global market sell-off. Economists warn these tariffs could lower US economic growth and increase inflation, potentially leading to a recession.