Global Markets Plummet Amid Trump Tariff Announcement
The US stock market experienced a significant downturn on Monday, with the Dow Jones Industrial Average plummeting by 735 points.
This sudden drop was largely attributed to President Donald Trump's surprise announcement of a new 15% global tariff. The move sent shockwaves through global markets, causing widespread panic among investors.
Furthermore, fears over artificial intelligence disruption added to the market volatility. As a result, many sectors were affected, including those related to technology and finance.
The sharp decline in stock prices was mirrored by the crypto market, which also experienced a significant downturn. Meanwhile, gold and silver saw an increase in value as investors turned to safe-haven assets.