According to reports, U.S. stocks experienced a decline on Monday as President Trump intensified pressure on trading partners with looming tariffs.
Key highlights:
• S&P 500 down 1.2% on first trading day post-holiday week.
• Dow Jones fell 641 points, Nasdaq down 1.3%.
• Tesla shares dropped 7.4% amid feud between Elon Musk and Trump.
• Trump warned Japan and South Korea of 25% tariffs from Aug. 1.
• Further tariff escalation threatened if deals not reached by July 9.
The development signifies escalating trade tensions, impacting global markets and investor sentiment.
Source: Business News Today, Latest Finance News | The Hindu