Bonds & Stocks
Stocks fell after the US pushed ahead with tariffs on automakers, reinforcing concern about a widening trade war that outweighed data showing faster-than-estimated growth in the world’s largest economy.
Economy
President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and Canada if they join forces against the US, expanding a trade war and triggering threats of retaliation.
World
President Donald Trump suggested further tariffs would be imposed on the European Union and Canada if they worked together “to do economic harm” to the US.