Stocks sink Monday as Trump heats up tariff threats
- Alexangel Ventura
- Jul 7, 2025
- 1 min read
Stocks on Monday sank by significant margins in reaction to President Donald Trump's insistence on tariffs on the July 9th deadline.
Trump today announced that the deadline for trade negotiations will remain on July 9th, Wednesday, and that the country-specific tariff rates will be implemented effective immediately upon August 1st.
The president has especially threatened the BRICS nations with heavy duties. He believes that the international economic organization has limited the expansion of American currency as the global officially adopted currency and have criticized his tariff policies openly and even proposed massive retaliatory tariffs against the United States. He said that he will implement them as a bulwark against "Anti-American policies of BRICS," emphasizing that the proposed 10% tariff increase on them will have no exceptions."
Even worse for free trade, with the deadline at just under two days from now, tariffs will likely remain high for most of America's trading partners. The U.S. has only facilitated trade agreements with Vietnam and Britain, with a trade agreement with China in progress.
As of 10:14 AM EST Monday, the S&P 500 index has fallen 0.4%, the Dow 30 index has fallen 0.33%, the Nasdaq index has fallen 0.56%, and the Russell 2000 index has fallen 0.52%.
Last week, markets reached all-time highs all across the board, but today's news has shaved off much of the progress made during that period.
