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Dow Down 1.3% in Wall Street Sell-Off

August 02, 2025

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Financial Express Lucknow

The new US tariffs on dozens of trading partners, including India, Canada and others, weighed on sentiment

- Nikhil Sharma & Sukriti Gupta

Wall Street's main indexes led a global selloff on Friday as new US tariffs on dozens of trading partners weighed on sentiment, while a weaker-than-expected payrolls report added to risk aversion.

Just hours before the tariff deadline on Friday, US President Donald Trump signed an executive order imposing duties on US imports from countries including India, Canada, Brazil, and Taiwan, even as countries scrambled to seek ways to strike better deals.

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