U.S. Markets Slide on New 15% Global Tariff Threats
U.S. stocks dropped sharply after President Trump raised global tariffs to 15%, up from 10%, following a Supreme Court ruling striking down his earlier tariff plan. Major indices fell: S&P 500 down ~1.2%, Dow lost ~800-835 points, Nasdaq off ~1.3%.
Why it matters
Higher tariffs raise import costs and weigh on companies relying on global supply chains, affecting your retirement accounts.
The big picture
This Tuesday sets the tone: tariffs reshape corporate profit outlooks and could slow equity gains this week.