Trump announces new car tariffs, hitting foreign manufacturers and causing equities to drop

From Investing.com: 2025-03-27 06:00:00

In a surprise move, Trump announces car tariffs to begin on April 2, hitting foreign car manufacturers hard. Exemptions possible for auto parts imports. Equities suffer, Nasdaq 100 down 10% from mid-February peak. Dollar strengthens against euro and yen. Central banks face dilemma of balancing growth and inflation concerns. Market expects rate cuts from Fed and ECB. Gold holds above $3,035, oil maintains gains above $69 despite global economic slowdown fears. European equities could face severe pressure from tariff announcements. Countries have one week to offer concessions to avoid tariffs.



Read more at Investing.com: Equities React Negatively to Trump’s New Car Tariff Surprise