Tariff Income Uncertainty Sends US Stocks Lower, Yields Higher

Wall Street worries tariff income could come under threat if recent court decision is upheld.

9/2/2025|Updated: 9/2/2025

U.S. stocks slipped at the start of the holiday-shortened trading week as investors worried about tariff uncertainty and rising bond yields.

The blue-chip Dow Jones Industrial Average declined almost 500 points, or about 1 percent, during the Sept. 2 trading session. The index of 30 stocks is up about 6 percent this year.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”