Dow Jones Plunges 800 Points as Trump Announces 15% Global Tariff Hike

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CNBC TV18•23-02-2026, 22:30
Dow Jones Plunges 800 Points as Trump Announces 15% Global Tariff Hike
- •US stock markets declined on Monday after President Donald Trump announced a 15% increase in global tariffs.
- •The Dow Jones Industrial Average dropped 807 points, S&P 500 shed 1.2%, and Nasdaq Composite declined 1.4%.
- •Trump stated on Truth Social that he would raise the worldwide tariff to 15% immediately, citing countries 'ripping' the U.S. off.
- •The move follows the Supreme Court’s decision to block his previous “reciprocal” tariffs, creating global economic uncertainty.
- •Bitcoin fell 5% to below $65,000 amid investor concerns over speculative assets and potential cryptocurrency regulations.
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