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US markets flail amid trade war, uncertainty in Washington

  • President Donald Trump received a report of a lower-than-expected inflation rate of 2.8% for February from the Labor Department, which alleviated some concerns amid stock market turbulence caused by a trade war.
  • The S&P 500 index experienced volatility, falling by 10% at one point due to a trade war and uncertainty in Washington.
  • The European Union announced retaliatory tariffs on U.S. Goods in response to Trump's tariffs on steel and aluminum, affecting various products.
  • Economists warned that consumer uncertainty and inconsistent tariff policies could hinder economic stability moving forward.
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abc12/WJRT broke the news in Flint, United States on Wednesday, March 12, 2025.
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