Market Uncertainty Rises with New Tariffs

Wall Street opened mostly lower in premarket trading this Thursday, reacting to President Donald Trump's latest announcement of a 25% tariff on car imports, set to take effect April 2. This move, diverging from earlier indications that specific industries would not be targeted, has injected fresh uncertainty into the markets.

Global Trade Tensions Escalate

Adding to the market's unease, Trump issued warnings to Canada and the European Union, suggesting they could face "far larger" tariffs if perceived to be collaborating to "do economic harm" to the United States. This statement has raised concerns over potential retaliatory measures and further trade disputes.

Premarket Performance

As of 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 experienced a slight increase against the dollar, trading at 1.07644 by 4:28 am ET.