US stocks tumble on latest tariff, weak data
New York, Dec 3 (AFP/APP): Wall Street stocks tumbled Monday after President Donald Trump announced new tariff actions on Brazil and Argentina and US manufacturing showed further sign of weakness. Trump said he was reinstating tariffs on steel and aluminum from the South American countries due to a devaluation of their currencies. The United States had previously exempted some countries, including Argentina and Brazil, which agreed to quotas on the metals. The Dow Jones Industrial Average ended down one percent at 27,783.79. The broad-based S&P 500 shed 0.9 percent to close at 3,113.90, while the tech-rich Nasdaq Composite Index fell … Continue reading US stocks tumble on latest tariff, weak data
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