Trump slapped 25 % of the customs tariffs on Japan and South Korea – Wall Street

American stocks responded with a sharp decline with the outbreak of news. the Dao The industrial average in Jones decreased up to 447 points (a decrease of 1 %), S&P 500 fall 0.8 %, and heavy technology Nasdak The boat slipped by 0.9 % by midday. S&P 500 and NASDAQ recorded its highest level at all times last week, but optimism evaporates when investors digested the possibility of revenge measures and disrupting the supply chain. Here is the way you stand during the middle of trading:

• Dow Jones: -447 points (-1 %)
• S & P 500: -0.8 %
• Nasdak: -0.9 %

Change the sudden policy injecting fresh uncertainty in the markets. Timing He led the staple, decreased by almost 7 %, as investors’ reaction to the news focused on the attention of CEO Elon Musk on construction. A new political party. The sale was wide, as multinationals and their manufacturers were particularly difficult.

The definitions are targeted by two of America’s closest allies and the main suppliers of cars, electronics and steel. Companies that have global supply chains – especially in technology, cars and consumer goods – are likely to be of margin pressures and high input costs. Japan and South Korea are expected to respond, which is likely to target American exports in sectors of agriculture to space.

with Q2 The profit season is about to start, analysts previously warned of the enlarged costs of the customs tariff It can appear in profit warnings The revised guidance, especially for the S&P 500 companies with a large exposure in Asia.

For this story, use Fortune AI to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.