Reported 3 days ago
US stocks fell on Thursday following President Trump's announcement of 25% tariffs on foreign-made automobiles, raising fears of a trade war and economic slowdown. The S&P 500, Dow Jones, and Nasdaq Composite all experienced declines, particularly impacting automakers like General Motors and Ford, whose stocks dropped significantly. Investors are concerned that the tariffs could lead to increased costs and prices in the auto industry, potentially affecting US economic growth.
Source: YAHOO