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Stock Market Extends Selloff Amid Trump Tariff Anxiety; Treasury Secretary Scott Bessent Calls Canadian Prime Minister Justin Trudeau A “Numbskull” For Raising Trade Concerns
Stocks in tech and a number of other sectors continued to decline Thursday, extending Wall Street's anxious reaction to President Trump's trade war.
The Dow Jones Industrial Average fell about 1%, or about 430 points, while the tech-heavy Nasdaq dropped 2.6% to finish in correction territory, where it had been earlier in the week. After deciding on Wednesday to exempt automakers from the tariffs, lest the initiative send vehicle prices soaring, the White House then expanded the relief to other industries. Tariffs on consumer goods will be paused until April 2, administration officials announced, but conflict nevertheless continued between longtime North American allies.
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