Stock Market Plummets as Trump Announces Auto Tariffs

Reported 4 days ago

US stock markets saw significant declines on Wednesday, breaking a three-day winning streak, as President Trump prepared to introduce new tariffs on auto imports. The S&P 500 fell by over 1.1%, with the tech-heavy Nasdaq dropping more than 2%, driven by losses in major tech companies including Tesla and Nvidia. The prospect of tariffs has increased uncertainty among investors, reflecting concerns about economic conditions and corporate performance.

Source: YAHOO

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