Market Uncertainty Rises with New Tariffs

Wall Street showed signs of strain in Thursday's premarket trading after President Donald Trump announced a 25% tariff on car imports, set to take effect on April 2. This move, diverging from earlier reports suggesting no industry-specific targets, has injected a new layer of uncertainty into the markets.

International Tensions Escalate

Adding to the tension, Trump issued warnings to Canada and the European Union, stating they could face "far larger" tariffs if perceived to be collaborating to economically harm the United States. This statement has raised concerns over potential retaliatory measures and their impact on global trade relations.

Market Performance 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 0.11% higher against the dollar, trading at 1.07644 by 4:28 am ET.