Wall Street Whiplash: Trump's Auto Tariff Impact

Wall Street reacted with volatility as President Trump's announcement of 25% tariffs on imported cars and light trucks spooked investors. The policy, effective next week, threatens supply chains and raises inflationary concerns, sending auto stocks tumbling while driving investors to safe-haven assets like gold.

Wall Street experienced a roller-coaster on Thursday as investors reacted to President Trump's latest trade policy announcement, which sent auto stocks into disarray.

The President revealed on Wednesday plans to impose a 25% tariff on imported vehicles, effective next week, potentially disrupting supply chains and stoking inflation fears.

As a result, auto manufacturers like General Motors and Ford saw significant declines in their stock values, while investors fled to safe-haven assets such as gold amid the market uncertainty.

(With inputs from agencies.)