Mar 4,2025
By Lumazap
The Trump administration’s long-anticipated tariffs took effect Tuesday, sparking immediate chaos in early stock trading—ending months of speculation.
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Major indexes nosedived: S&P 500 (-0.8%), Dow Jones (-500 points), and Nasdaq (-1.1%) as investors scrambled to respond to new trade costs.
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Everyday items—gasoline, avocados, iPhones—could cost more as tariffs target imports from China, Mexico, and Canada, the U.S.’s top trade partners.
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Target (-4.5%), Amazon (-2%), and Walmart (-1%) stocks tumbled after warning that tariffs could hurt profits and supply chains.
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Shares crashed 13% after its CEO admitted price hikes are “highly likely” due to tariffs, spooking investors.
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GM (-4%), Ford (-2%), and Stellantis (-5%) shares fell as tariffs threaten supply chains tied to Mexico and Canada, raising production costs.
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Elon Musk’s EV company saw shares plunge nearly 7%, signaling broader anxiety over tariffs disrupting tech and manufacturing sectors.
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