US EditionDow Jones Today: Stocks Extend Losses as Trump Announces Japan, Korea Tariff Levels; Tesla Shares Tumble As Musk Plans New Political Party
- U.S. stocks declined on July 7 as President Donald Trump announced 25% tariffs on imports from Japan and South Korea, effective August 1.
- The tariff announcement followed a July 9 deadline extension and ongoing trade tensions, with Trump pledging unilateral rates if deals are not reached.
- Tesla shares dropped more than 7% amid escalating tensions between CEO Elon Musk, who formed the America Party, and Trump’s public criticism.
- Key U.S. indexes fell at least 0.8%, the Dow dropped 464 points, and yields on 10-year Treasury notes rose to 4.385%, signaling market uncertainty.
- The combined impact of tariffs and political conflict suggests increased market volatility and investor concern about trade and regulatory risks ahead.
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ThePatriotLight - Stocks Set to Open Lower as Trade Worries Return
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Coverage Details
Total News Sources20
Leaning Left4Leaning Right2Center3Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 33%
R 22%
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