{"id":159102,"date":"2025-08-01T14:32:24","date_gmt":"2025-08-01T14:32:24","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/live-updates-trump-announces-new-tariffs-as-stock-market-dips-nbc-news\/"},"modified":"2025-08-01T14:32:24","modified_gmt":"2025-08-01T14:32:24","slug":"live-updates-trump-announces-new-tariffs-as-stock-market-dips-nbc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/live-updates-trump-announces-new-tariffs-as-stock-market-dips-nbc-news\/","title":{"rendered":"Live updates: Trump announces new tariffs as stock market dips – NBC News"},"content":{"rendered":"

Profile
Sections
Local
tv
Featured
More From NBC
Follow NBC News
news Alerts
There are no new alerts at this time
Steve Kopack<\/span><\/span><\/span>
U.S. stocks continue falling further on worries over the president’s sweeping tariffs and weak jobs report released this morning.
As of 10:20am E.T., the Dow Jones Industrial Average was down nearly 600 points or 1.4%.
The S&P 500, which most Americans likely have in their retirement accounts, fell 1.6% and the Nasdaq Composite, which tracks many of the largest tech firms, fell 2%.
Natasha Korecki<\/span><\/span><\/span>
Sen. Catherine Cortez Masto, D-Nev., clashed with Sen. Cory Booker, D-N.J., this week<\/a> when Booker, in a fiery floor speech, tried to block a package of police funding bills as he called for greater resistance to Trump\u2019s policies.
Afterward, Booker alluded to his efforts in the face of criticism from Cortez Masto saying, \u201cWhat\u2019s bothering me right now is we don\u2019t see enough fight in this caucus.\u201d
In an interview, Cortez Masto had her own message.
\u201cI don\u2019t need a lecture from anybody about how to take on and push back and fight against Donald Trump,\u201d Cortez Masto said.
Read the full story here.<\/em><\/strong><\/a>
Rob Wile<\/span><\/span><\/span>
U.S. stock indexes saw sharp sell-offs in premarket trading today after Trump revealed a sweeping new set of tariffs late Thursday<\/a>.
Traders bet that the S&P 500, the Dow Jones Industrial Average and the tech-focused Nasdaq would each decline about 1% today over fears that the new import taxes Trump was imposing would cause global economic growth and corporate profits to decline, while possibly reining in inflation. Among the hardest hit were Taiwan, which will now see 20% duties; Canada, whose rate rose from 25% to 35% for goods not covered by the USMCA trade agreement; and Switzerland, at 39%. Much of the rest of the world now faces a 10% baseline rate.
Analysts have calculated that the average effective tariff rate imposed on all goods being imported into the U.S. is now 15%, the highest level since the 1930s.
While today’s market reaction is more muted than the historic sell-off that occurred following Trump’s initial unveiling of country-by-country tariffs in his April “Liberation Day” speech, the cloud of uncertainty over the world economy remains in place as the president has suggested still more tariffs are coming on pharmaceutical products, semiconductors and critical minerals.
\u201cUncertainty about trade hasn\u2019t gone away,” James Pomeroy, HSBC global economist, said in a note today. He added: “Global trade flows look set to remain choppy in the coming months, making it harder to gauge how both the US and the rest of the world are coping with these elevated import taxes.\u201d
Rebecca Shabad<\/span><\/span><\/span>
U.S. Ambassador to Israel Mike Huckabee and U.S. special envoy Steve Witkoff both shared updates on social media about their joint trip to the Gaza Strip this morning.
Huckabee said in his post on X<\/a> that they visited the enclave to “learn the truth” about aid sites set up by the Gaza Humanitarian Foundation. He also said that they received briefings from the Israel Defense Forces and “spoke to folks on the ground.”
“GHF delivers more than one million meals a day, an incredible feat!” Huckabee wrote.
Witkoff said in his post on X<\/a> that they spent more than five hours inside Gaza and he said the visit’s purpose was to give Trump “a clear understanding of the humanitarian situation and help craft a plan to deliver food and medical aid to the people of Gaza.”
Both of their posts featured photos of their visit, which showed Huckabee in a flak jacket and helmet while Witkoff wore a flak jacket and a black MAGA hat.
Bridget Bowman<\/span><\/span><\/span>
Dylan Ebs<\/span><\/span><\/span>
Ray, a New York voter in his mid-30s, backed Trump last year after having voted for Joe Biden in 2020, pointing to Trump\u2019s pledges to boost the economy. Now, he is not happy with the results on all of those pledges.
\u201cPresident Trump has made a lot of promises that he\u2019s not really cashing out,\u201d Ray said.
But Scott, a 29-year-old Missourian who also flipped from Biden in 2020 to Trump in 2024, said he\u2019s \u201chappy\u201d with Trump\u2019s presidency so far.
\u201cIn general, he\u2019s keeping his promises,\u201d Scott said.
The two men\u2019s opposing views of Trump\u2019s presidency underscore the wide range of opinions among swing voters who helped return Trump to the White House \u2014 and who may hold the key to the results of future elections, too.
Both men were among eight voters who spoke to NBC News again in recent days after detailing their hopes for the Trump administration<\/a> back in January. NBC News is not using the last names of some of the eight voters to allow them to speak more freely about national politics.
Read the full story here. <\/em><\/strong><\/a>
© 2025 NBCUniversal Media, LLC<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ProfileSectionsLocaltvFeaturedMore From NBCFollow NBC News news AlertsThere are no new alerts at this timeSteve KopackU.S. stocks continue falling further on worries over the president’s sweeping tariffs and weak jobs report released this morning.As of 10:20am E.T., the Dow Jones Industrial Average was down nearly 600 points or 1.4%.The S&P 500, which most Americans likely have […]<\/p>\n","protected":false},"author":1,"featured_media":159103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-159102","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/159102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=159102"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/159102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/159103"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=159102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=159102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=159102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}