Trump's 15% Global Tariff Announcement Plunges Dow by 600 Points, Market Turmoil

• President Donald Trump's announcement of a 15% global tariff hike caused the Dow index to drop over 600 points.
• The Dow Jones Industrial Average fell by approximately 635 points, S&P 500 by 0.6%, and Nasdaq Composite by 0.7%.
• Trump's new tariff, implemented under Section 122 of the Trade Act of 1974, replaces the previous 10% rate.
• European countries expressed concern, while gold prices surged by nearly 2% as investors sought safe-haven assets.
• Bitcoin slipped below $65,000, and experts predict continued market instability due to tariff disputes.