Stock Markets and Automakers Stumble Ahead of ‘Liberation Day’ Tariffs
- Stocks worldwide fell on Monday ahead of President Donald Trump’s tariffs taking effect.
- The levies include a 25% charge on all imported vehicles and key car components.
- Toyota led the declines in major carmakers’ stock, with a 6.8% slide in Tokyo.
Stock markets worldwide tumbled on Monday ahead of President Donald Trump‘s tariff announcements expected later this week.
Technology stocks led the market lower, with the Nasdaq-100 plunging 2.4% Monday morning. The S&P 500 declined by about 1.5%, while the Dow Jones Industrial Average shed 350 points.
Here were some of the biggest tech losers as of about 10 a.m. ET:
- Tesla, minus 5.3%.
- Palantir,…
