Market Uncertainty Rises with New Tariffs

Wall Street opened mostly lower in premarket trading this Thursday, as investors digested the unexpected announcement from United States President Donald Trump. A 25% tariff on car imports is set to take effect on April 2, stirring concerns among traders and manufacturers alike.

Global Trade Tensions Escalate

President Trump's latest move, which diverges from earlier reports suggesting a more targeted approach, has injected a fresh wave of uncertainty into the markets. Further complicating the global trade landscape, Trump issued warnings to Canada and the European Union, suggesting they could face "far larger" tariffs if perceived to harm the U.S. economically.

Market Movements at a Glance

By 4:27 am ET, the Dow Jones remained flat, while the Nasdaq 100 and the 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.