At 1:25 p.m. Eastern time, the Dow Jones Industrial Average (DJIA) stood at 27,121. At 1:26 p.m., Trump announced on Twitter “the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.”
By 1:50 p.m., the Dow plunged more than 350 points to 26,735.
By 2:25 p.m., an hour after Trump’s announcement, the Dow dropped even more, to 26,680, or 441 points lower.
View the complete August 1 article by Dan Desai Martin on the National Memo website here.