US Stock Market Takes a Dive Following White House's Explanation of 145% Tariff on China

New York (CNN) — The US stock market plunged as the White House confirmed a staggering 145% tariff on China, reigniting trade tensions. The Dow dropped 1,015 points, while the S&P 500 and Nasdaq fell 3.46% and 4.31%, respectively, signaling ongoing economic instability amidst tariff uncertainties.