Stocks fell sharply on Thursday as investors sought clarity on new U.S. tariff measures and their economic impact.
The Dow Jones dropped 539 points (1.2%), the S&P 500 fell 1.5%, and the Nasdaq Composite declined 1.8%.
New tariffs on imports from Canada, Mexico, and China were implemented this week, prompting retaliatory actions from Canada and China, while Mexico plans to announce its response soon.
All major indices have lost at least 3% this week amid rising trade tensions, despite a brief boost on Wednesday when the White House delayed tariffs on compliant automakers for a month.
Source (CNBC)
