Global Markets Reel as U.S. Tariff Plans Intensify Economic Concerns

President Trump's 25% auto import tariff looms, with additional tariffs set for April 2, fueling inflation fears and market volatility.

The S&P 500 fell 2% on Friday, marking one of its worst days in two years, while the Nasdaq Composite is down 10.3% year-to-date, reflecting significant losses in the tech sector.
President Donald Trump's 25% tariff on auto imports is scheduled to take effect next week, with more tariffs planned for April 2, heightening global trade tensions.
Persistent inflation above the Federal Reserve's 2% target continues to limit policy flexibility, as consumer sentiment weakens to its lowest levels since 2009.
Oil prices declined further due to demand concerns tied to escalating trade conflicts, while automaker stocks globally saw notable declines.
In a rare positive economic signal, UK retail sales rose unexpectedly by 1% in February, defying forecasts of a decline.