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Stocks tumble after Trump posts letters to 14 countries threatening new tariffs

By Scott Horsley

Published July 8, 2025 at 5:01 AM EDT

Stocks tumbled Monday after President Trump threatened to impose new import taxes on more than a dozen countries. Trump pushed back the effective date of those tariffs, however, until Aug. 1.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

See stories by Scott Horsley

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