Market Uncertainty Rises with New Tariffs

Early trading on Wall Street showed mostly losses this Thursday, following President Donald Trump's announcement of a 25% tariff on car imports, set to take effect April 2. This move, diverging from earlier reports suggesting no specific industry targets, has injected a new layer of uncertainty into the markets.

International Tensions Escalate

Trump didn't stop there; he issued a stark warning to Canada and the European Union, suggesting they could face "far larger" tariffs if perceived to be collaborating to "do economic harm" to the U.S. This has raised concerns over potential trade wars and their impact on global markets.

Market Snapshot

At 4:27 am ET, the Dow Jones remained flat, while the Nasdaq 100 and S&P 500 saw declines of 0.25% and 0.14%, respectively. Meanwhile, the euro edged up 0.11% against the dollar, trading at 1.07644.