Global stocks fell sharply after President Trump announced new tariffs on countries including Japan and South Korea, sparking fears of escalating trade tensions. The Dow Jones Industrial Average slid over 400 points on Monday as investors reacted to the surprising move against key U.S. allies.

The Dow Jones Industrial Average fell 200 points following former President Trump’s announcement of new unilateral tariffs. The markets reacted sharply as plans to establish new tariff terms were revealed, highlighting investor sensitivity to policy changes.