Thu, March 27, 2025
Wed, March 26, 2025
Tue, March 25, 2025
Mon, March 24, 2025
Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025
Wed, March 19, 2025
Tue, March 18, 2025
Mon, March 17, 2025
Sun, March 16, 2025
Sat, March 15, 2025
Fri, March 14, 2025
Thu, March 13, 2025
Wed, March 12, 2025
Tue, March 11, 2025
Mon, March 10, 2025
Sun, March 9, 2025
[ Sun, Mar 09th ] - BBC
Entertainment & Arts
Sat, March 8, 2025
[ Sat, Mar 08th ] - BBC
Israel-Gaza war
Fri, March 7, 2025
Thu, March 6, 2025
Wed, March 5, 2025
Tue, March 4, 2025
Mon, March 3, 2025
Sun, March 2, 2025
Sat, March 1, 2025
Fri, February 28, 2025

CNBC Daily Open: Auto tariffs put markets in reverse gear


Published on 2025-03-27 22:03:52 - CNBC
  Print publication without navigation

  • Trump's tariff announcements and, sometimes, walking back on the threats have sent markets on a rollercoaster ride.

The article from CNBC Daily Open discusses how the U.S. stock market experienced a downturn due to concerns over potential new auto tariffs. President Joe Biden's administration is considering raising tariffs on Chinese-made vehicles, which could extend to all vehicles made in China, including those from European and American manufacturers. This news led to a significant drop in market indices; the Dow Jones Industrial Average fell by 255 points, the S&P 500 by 0.5%, and the Nasdaq by 0.6%. The market's reaction was driven by fears of retaliatory measures from China and the broader implications for global trade. Additionally, the article touches on other market influences like the Federal Reserve's stance on interest rates, with Fed Chair Jerome Powell indicating that rates might remain high to combat inflation, further contributing to market volatility.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/markets/cnbc-daily-open-auto-tariffs-put-markets-in-reverse-gear/ar-AA1BNYTY ]