Dow drops more than 600 points as new Trump tariffs set to take effect

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The Dow Jones Industrial Average dropped by more than 600 points on Monday after President Donald Trump signaled new tariffs are coming.

The Dow Jones closed on Monday afternoon after dropping 649.67 points, or 1.48%. The S&P 500 and Nasdaq Composite also closed with significant falls, at 1.76% and 2.64%, respectively.

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