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Stock impact report

Stocks skid, dollar at 3-week top as Trump announces auto tariffs [Yahoo! Finance]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Yahoo! Finance
President Donald Trump announced new tariffs on all auto imports, ratcheting up a global trade war that risks fuelling inflation. Japan's Nikkei fell 1.2% while South Korea's KOSPI dropped 0.9%. Japanese and South Korean automakers have a big presence in the U.S. market. Toyota Motor shares tumbled 4%, Mazda Motor fell 5% and Subaru 6%. Trump late on Wednesday announced plans for long-promised 25% tariffs on automotive imports, which are set to go into effect on April 2. The European Union expressed regret and Canada said it could impose retaliatory tariffs. Nasdaq futures dropped 0.3% and S&P 500 futures fell 0.2% early in Asia. Wall Street already ended sharply lower on expectations of such a move, with the tech-heavy Nasdaq slumping m Read more
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