Stocks drop as Trump says tariffs start Tuesday; euro gains

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Tue, March 4, 2025

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Stocks drop as Trump says tariffs start Tuesday; euro gains

^{Published on 2025-03-04 12:21:16 - Reuters}

NEW YORK (Reuters) -U.S. stocks ended down sharply Monday, with the S&P 500 posting its biggest daily percentage drop since December 18 after U.S. President Donald Trump said 25% tariffs on Canada and Mexico will go into effect on Tuesday, while the euro strengthened after European leaders agreed to draw up a Ukraine peace plan.

The article from MSN Money discusses the financial market's reaction to former President Donald Trump's announcement that new tariffs on steel and aluminum imports would begin on Tuesday. This news led to a drop in U.S. stock prices as investors worried about potential trade wars and their economic implications. The uncertainty around trade policies caused a sell-off in the stock market, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing declines. Meanwhile, the euro gained strength against the dollar, reflecting a shift in investor sentiment towards safer assets amid the trade tensions. The article also touches on the broader implications of these tariffs, including potential retaliation from trading partners, increased costs for businesses, and inflationary pressures.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/stocks-drop-as-trump-says-tariffs-start-tuesday-euro-gains/ar-AA1Ab5nx ]

Contributing Sources

Reuters

N@N

Stocks drop as Trump says tariffs start Tuesday; euro gains