US stocks have suffered steep falls shortly after opening in New York, as Donald Trump’s tariffs reverberated through the world’s financial markets. The S&P 500 plummeted by about 3.3%, and Dow Jones was tumbling around 2.6% on Thursday afternoon when markets opened on Wall Street. #US #Donaldtrump #tariffs #liberationday
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00:00Hello, I'm Greg Wright of the Yorkshire Post.
00:04US stocks have suffered steep falls shortly after opening in New York,
00:08as Donald Trump's tariffs reverberated through the world's financial markets.
00:14The S&P 500 plummeted by about 3.3%,
00:18and Dow Jones was tumbling around 2.6% on Thursday afternoon,
00:22when markets opened on Wall Street.
00:25European and UK indices have also been seeing sharp drops
00:29in the aftermath of Mr Trump unveiling a range of new tariffs,
00:33which is set to significantly impact global trade.