Dow plunges 420 points after Trump says tariffs are coming next week — with automakers and manufacturers getting hit the hardest

The Dow Jones industrial average sank 420 points Thursday after Trump announced that new tariffs on imported metals will be implemented next week. The Dow Jones industrial average plunged 420 points Thursday following an announcement by President Donald Trump that he would place new taxes on imported steel and aluminum. US Steel was one of the few stocks to stay in the green, gaining 5.75% on the news that foreign steel would be subject to a 25% import tax.

from Yahoo Finance http://ift.tt/2HV5Td5