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Global Markets Reel as Wall Street Suffers Sharpest Fall Since Iran Conflict Began

Wall Street endured its steepest decline since the outbreak of the Iran war, as renewed uncertainty over diplomatic progress sent shockwaves through global markets. The S&P 500 plunged 1.7% , marking its worst day since January and extending a five‑week losing streak , the longest in nearly four years. The Dow Jones Industrial Average fell 469 points , while the Nasdaq dropped 2.4% , slipping more than 10% below its record high — a threshold investors label a correction .  The downturn followed conflicting signals about potential ceasefire negotiations. While U.S. officials suggested Iran was open to talks, Tehran publicly denied direct engagement and dismissed a U.S. proposal delivered via Pakistan. The resulting uncertainty pushed oil prices sharply higher , with Brent crude rising 4.8% to $101.89 , up from roughly $70 before the conflict. Global markets echoed the volatility, with major indexes across Asia and Europe also tumbling. Analysts warn that Iran’s tightening con...
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Trump Proposes 25% Tariffs on Autos, Pharmaceuticals, and Semiconductor Chips

 

In a move that could significantly impact international trade, former President Donald Trump has announced plans to impose 25% tariffs on automobile, pharmaceutical, and semiconductor chip imports. The announcement was made during a press briefing at his Mar-a-Lago estate in Florida, where he outlined his intentions to reshape global trade policies.

Trump stated that the tariffs on auto imports would be "in the neighborhood of 25 percent" and are set to be implemented as early as April 2. This date coincides with the day his cabinet members are expected to deliver reports outlining options for various import duties. The proposed tariffs aim to address what Trump perceives as unfair treatment of U.S. automotive exports in foreign markets.

In addition to automobiles, Trump plans to impose similar tariffs on imported semiconductors and pharmaceutical goods. He mentioned that the government could collect 25% or higher in taxes for these imports, with the rates potentially increasing over the course of a year. Trump emphasized that he wants to give companies in these industries some time to build factories in the U.S. to avoid the new tariffs.

The proposed tariffs have raised concerns among economists and industry experts, who warn that they could lead to higher prices for consumers and increased costs for businesses. The automotive industry, in particular, could see significant price hikes, as nearly half of vehicle sales in the U.S. last year were imported from foreign countries.

Trump's announcement is part of a broader effort to promote "balanced" trade with foreign markets and encourage the reshoring of strategic industries. While the proposed tariffs could have far-reaching effects, Trump believes they will ultimately benefit the U.S. economy in the long run.


: [Yahoo News](https://ca.news.yahoo.com/trump-plans-to-impose-25-percent-tariffs-on-automobile-and-semiconductor-imports-130044480.html)

: [CBC News](https://www.cbc.ca/news/canada/windsor/trump-tariffs-pharma-chips-auto-25-percent-1.7462509)

: [MSN](https://www.msn.com/en-us/money/markets/trump-plans-to-impose-25-tariffs-on-autos-chips-and-pharmaceuticals/ar-AA1zkWCA)

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