The stock market wobbles in the midst of the commercial war, the fears of recession
US actions staggered early on Wednesday, registering unstable performance in the midst of a growing global commercial war and concerns about a possible recession.
After some initial modest profits, the industrial average Dow Jones fell 330 points, or 0.8%, while the S& P 500 fell 0.25%. The nasdaq technological heavy increased 0.25%.
The trade opened minutes after a new inflation report showed that the price increases had decreased more than expected in February, the first full month under President Donald Trump.
However, Tit-For-OT rates continued to shake the global trade on Wednesday.
Trump’s 25% tariffs on all imported steel and aluminum products entered into force during the night. In response, Canada and the European Union slapped the duties of retaliation for US assets.
Tesla, the electric car manufacturer led by Elon Musk, shot around 6% in the first operations on Wednesday. The profits occurred one day after Trump promoted the company with Musk at an event at the White House.
The Wall Street sign hangs outside the New York Stock Exchange building on Tuesday following the wide sale of Monday in New York City, on March 11, 2025.
Shannon Stapleton/Reuters
Some economists say that while US tariffs could boost the local steel industry in the United States, they could also lead to higher prices for industries that buy steel. Those higher prices can eventually reach consumers.
The United States depends largely on imported aluminum and these costs are also expected to increase.
This is a development story. Consult the updates again.
