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Live Updates: Markets Drop After Trump Announces New Tariffs on Dozens of Nations

NYTimes.com Friday, 1 August 2025 ()
Stocks fell around the world after President Trump’s latest move to remake the global trading system. His executive order set new tariffs on imports from dozens of countries if trade deals aren’t reached within a week.
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News video: Trump's Emergency Trade Crackdown: Unleashes Massive New Tariffs on Dozens of Countries | Explained

Trump's Emergency Trade Crackdown: Unleashes Massive New Tariffs on Dozens of Countries | Explained 04:50

 President Donald Trump has announced sweeping new tariffs on U.S. imports from over 90 countries, with rates soaring as high as 41%. Citing emergency powers and national security concerns, Trump’s executive order targets goods ranging from coffee and textiles to steel and electronics. Major trade...

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