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Dow falls for second straight day

  • President Donald Trump imposed tariffs on Canada and Mexico, leading to a volatile market and a 570-point drop in the Dow, signaling investor concerns about a trade war.
  • Canada's Prime Minister Justin Trudeau announced a 25% tariff on $30 billion of U.S. Goods in retaliation for Trump's tariffs.
  • Mexico's President Claudia Sheinbaum stated that retaliatory tariffs on U.S. Imports would be announced soon, sharing concerns for affected companies and people.
  • The VIX index surged, reflecting heightened market fear, while analysts warned about the potential for a global economic downturn due to the tariff measures.
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Quartz broke the news in United States on Tuesday, March 4, 2025.
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