US stocks slump to the lows of the day on auto tariff fears as soon as today

It’s tough to get comfortable ahead of April 2 even as the Trump administration dials down tariff threats. There are many ways this can go wrong and after the leaks in the Atlantic, you get the sense this administration is making it up as they go.

The latest leg lower came after a Bloomberg report saying Trump was preparing auto tariffs, likely on Europe. It could come as soon as today, as they cite ‘people familiar’.

The Nasdaq is down 1.6% and the S&P 500 is down 0.8% and threatening to fall into the gap to open the week.

This article was written by Adam Button at www.forexlive.com.