Market Uncertainty Rises with New Tariffs

Wall Street opened mostly lower in premarket trading this Thursday, reacting to President Donald Trump's unexpected announcement of a 25% tariff on car imports, set to take effect on April 2. This move, diverging from earlier reports suggesting no specific industry targets, has injected a fresh wave of uncertainty into the markets.

International Tensions Escalate

Adding to the tension, Trump issued a stark warning to Canada and the European Union, suggesting they could face "far larger" tariffs if they collaborate in ways perceived to harm the U.S. economy. This statement has further clouded the global trade outlook.

Market Performance at a Glance

At 4:27 am ET, the Dow Jones remained unchanged, while the Nasdaq 100 and the S&P 500 saw declines of 0.25% and 0.14%, respectively. Meanwhile, the euro edged up by 0.11% against the dollar, trading at 1.07644 by 4:28 am ET.