Impact of Global Trade War on U.S. Stock Markets
U.S. stock markets plummeted as a new global trade war began, with China, Canada, and Mexico announcing retaliatory measures after President Trump's tariffs took effect. The Dow fell 1.8% and other indices also dropped. Major U.S. automakers and retailers saw their shares plunge due to the escalating trade tensions.
Key Points
- U.S. stock markets plummeted due to new global trade war
- China, Canada, and Mexico announced retaliatory measures after Trump's tariffs
- Major U.S. automakers and retailers saw their shares plunge