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Dow Jones Today Drops Over 120 Points as President Trump Threatens to Impose New Tariffs

The Dow Jones today fell 122 points in premarket trading after President Trump announced plans to impose tariffs on all $505 billion in goods sent from China.

The statement comes a day after Trump's negative comments about the Federal Reserve.

Trump broke precedent by criticizing the central bank over its recent rate hikes.

He said in an interview with CNBC that he is "not thrilled" about the Fed's commitment to tightening monetary policy.