Trade Tensions Heat Up

As the trade war intensifies with the latest US tariffs on automobiles, major US stock markets experienced a downturn by the closing bell on Thursday. Canada has announced retaliatory levies set to begin on April 2, further escalating the situation.

Market Performance

The Dow Jones Industrial Average fell by 0.37%, while the Nasdaq 100 saw a 0.59% drop. Similarly, the S&P 500 decreased by 0.33%, reflecting the market's nervous response to the ongoing trade disputes.

Currency Movements

Amid these developments, the euro gained 0.37% against the dollar, trading at $1.07942 by 3:59 pm ET. This movement highlights the broader financial implications of the trade war beyond the stock markets.

More updates to follow as the situation develops...