Highest Tariffs Impact Wall Street
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•US Politics
US Politics
Dow Jones goes into freefall as stock market plunges over 1,500 points after tariffs announcement
60% Informative
The Dow sank more than 1000 points at Thursday 's opening, digesting the Trump administration sweeping tariff plant.
President Trump is imposing a 10% baseline tariff on nearly all trading partners, then hitting dozens of countries with reciprocal tariffs.
Economists say Americans can expect higher prices for everything from electronics to clothing.
Steven Cates : The one positive is that this could change and it could change very rapidly.
The Trump administration is very open to negotiation, Cates says.
He says if they get what they want, then a lot of this may be pulled back or curtailed.
Consumers will find it hard to make plans when they just don't know how things are going to change.