Dow tanks below 50,000 as Trump unveils new 15% global tariff plan

Name: Dow tanks below 50,000 as Trump unveils new 15% global tariff plan
Uploaded: 2026-02-24T01:00:04Z
Description: 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.

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.

Posted February 23, 2026 5:00pm PST