Stocks Fall Globally as Trump's Auto Tariffs Impact Markets

U.S. stocks faced declines following President Trump's announcement of 25% tariffs on imported cars and auto parts, effective April 2. Major automakers like General Motors and Ford saw significant drops in their stock prices, reflecting investor concerns about supply chain disruptions and inflationary pressures. European and Asian markets also reacted negatively, with shares in major car manufacturers like Volkswagen and Toyota plummeting. Investors turned to gold as a safe haven, pushing its price closer to record highs amid rising fears of a global trade war. Trump's trade policies have created uncertainty, causing market jitters as investors anticipate further developments. Analysts warn that these tariffs could exacerbate inflation and economic slowdown as they weigh the potential impact on both domestic production and international relations.