“Wall Street opened sharply lower on Thursday, following a slump in global markets, after President Trump announced a major round of tariffs on U.S. imports,” the New York Times reports.
“The world’s biggest economies reacted swiftly to the new levies, a significant escalation of trade tensions with the United States, and some countries warned of retaliation.
”Wall Street Journal: “U.S. stocks tumbled at the open Thursday, with major indexes dropping as much as 4%, after President Trump’s sweeping new tariff plan was deeper and more aggressive than expected.”