Dow tanks below 50,000 as Trump unveils new 15% global tariff plan
Wall Street saw a massive sell-off Monday with the Dow Jones Industrial Average dropping more than 820 points following President Trump's announcement of a new 15% global tariff. The move comes just days after the Supreme Court ruled previous tariff regimes illegal, prompting the administration to pivot to a different legal authority to keep import taxes in place.
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Dow tanks below 50,000 as Trump unveils new 15% global tariff plan
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