Businesses, investors and the Fed are all operating under a cloud of uncertainty from Trump’s tariff policy. The latest moves give 66 countries, the European Union, Taiwan and the Falkland Islands another seven days, instead of taking effect on Friday, as Trump stated earlier.

Stocks are slumping on Wall Street and Treasury yields are falling sharply after the government reported a sharp slowdown in hiring last month

The S&P 500 Index ($SPX) (SPY) today is down -1.70%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.01%. September E-mini S&P futures (ESU25) are down -1.

Stocks fall on August 1, 2025, as Trump’s tariffs spark trade fears and Amazon’s earnings disappoint investors.