Wall Street's main indexes declined sharply on Friday as new U.S. tariffs on dozens of trading partners and Amazon's unimpressive earnings weighed on sentiment, while a weaker payrolls report added to risk aversion.

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

Trump's executive order late Thursday laid out rates to be applied against nearly 70 countries, ranging from 10% to 41% in what a Trump administration official hailed as the beginning of a "new system of trade.