Stock Market Sinks on Tariff Exemptions, Investors Weigh Economic Uncertainty
US stocks fell on Thursday as President Trump announced temporary exemptions on tariffs against Mexico, though the same caveat was not immediately applied to Canadian imports. The Dow Jones Industrial Average (^DJI) fell 1%, or around 450 points, while the S&P 500 (^GSPC) dropped 1.7%. The tech-heavy Nasdaq Composite (^IXIC) plummeted over 2% as investors weighed how far President Donald Trump would be willing to negotiate on tariffs.
- As trade tensions continue to simmer, global markets may be witnessing a ripple effect of economic uncertainty, with investor confidence hanging precariously in the balance.
- Will the recent softening of US economic data signal a sustainable recovery, or is this merely a fleeting reprieve from the looming specter of stagflation?