Wall Street Braces as Trump Unveils Tariff Measures Amid Ongoing Uncertainty

On April 2, 2025, President Trump is set to announce new tariff policies that aim to address trade imbalances while targeting specific sectors, including auto imports. Financial markets, already rattled by a roughly 10% drop in the S&P 500 earlier this month, are preparing for further volatility as the administration seeks to outline which countries and industries will be affected.

Additional reports reveal that U.S. car dealers and other industry stakeholders are anxious about potential cost surges, with tariffs set to significantly hike import prices. While the administration projects potential revenue gains from these measures, experts caution that the combination of protectionist steps and reciprocal tariffs could spark inflation and trigger retaliatory actions from other trading nations, adding layers of uncertainty to both domestic and global markets.