By Stan Choe
Publication Date: 2026-02-23 18:22:00
Stan Choe
U.S. stocks are falling after President Donald Trump took little time to increase his latest tariffs and investors continue to punish companies that could be losers in the artificial intelligence revolution.
The S&P 500 fell 1 percent after Trump said Saturday he would temporarily impose 15 percent tariffs on other countries. That’s an increase from the 10 percent rate he announced Friday in response to a Supreme Court ruling that struck down his sweeping “reciprocal” taxes on imports from around the world.
The Dow Jones lost 691 points, or 1.4 percent, and the Nasdaq Composite was down 1.1 percent. The Australian stock market is set to rise slightly, with futures at 5.06am AEDT suggesting…