Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 lost 0.8% Monday.

U. stocks slid sharply after President Trump unveiled sweeping 25–40% tariffs on imports from 14 countries, including Japan and South Korea. Tesla shares nosedived after Elon Musk launched a new political party,

Wall Street's indexes dropped on Monday after President Trump announced a 25% tariff on goods from Japan and South Korea, set to begin on August 1. The Dow Jones fell 456.55 points, the S&P 500 dropped 53.