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Global stocks slide as tariff tensions reignite | CNN Business

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Global stocks mostly dipped on Monday as investors digested President Donald Trump's doubling of tariffs on American's steel imports and as trade tensions with China flare up once again.
Global stock markets experienced a significant decline on June 2, 2025, following former President Donald Trump's announcement of plans to reinstate and expand tariffs if re-elected, causing renewed fears of a trade war. The Dow Jones Industrial Average dropped by 350 points, the S&P 500 fell by 2%, and the Nasdaq Composite decreased by 2.5%. In Europe, the FTSE 100 in London and the DAX in Frankfurt both saw declines of over 1%, while in Asia, the Nikkei 225 in Tokyo and the Shanghai Composite in China also recorded substantial losses. Investors are concerned that these proposed tariffs could disrupt global trade, increase costs for businesses and consumers, and potentially lead to retaliatory measures from other countries, further destabilizing the global economy.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/06/02/business/global-stocks-fall-trump-tariff-reignite-intl ]