Impact of Trump's Tariff Threats

U.S. stock indices plunge following Trump's comments about a 25% tariff on imports of cars, chips, and medications. The BMV also sees a significant setback.


Impact of Trump's Tariff Threats

Home builders experienced a decline in the main U.S. stock indices, as reported by analysts from VALMEX Casa de Bolsa. This was due to President Trump's comments about the possible imposition of a 25 percent tariff on the import of automobiles, semiconductors, and medicines. Trump mentioned that these tariffs could be announced on April 2. Additionally, the minutes of the Federal Reserve (Fed) are expected to indicate that there is no rush to reduce interest rates.

On the Mexican Stock Exchange (BMV), the S&P/BMV IPC fell by 0.50 percent, reaching 54,202.44 points, while the FTSE-BIVA dropped by 0.58 percent, standing at 1,094.09 points. In Europe, the indices also operated lower, with Germany's DAX falling by 1.68 percent, Spain's IBEX 35 decreasing by 1.43 percent, France's CAC 40 losing 1.13 percent, and London's FTSE 100 down by 0.56 percent.

In the oil market, West Texas Intermediate (WTI) rose by 1.39 percent, reaching $72.85 per barrel, and Brent increased by 1.11 percent, reaching $76.68 per barrel.

Global markets are operating lower due to Trump's new tariff threats, raising concerns about a potential trade war. On Wall Street, the Nasdaq saw a decline of 0.41 percent, the Dow Jones fell by 0.26 percent, and the S&P 500 dropped by 0.24 percent, nearing 6,114.96 units. Bloomberg reported that the S&P 500 fell from a record.