News Highlights: Top Global Markets News of the Day - Tuesday at 5 PM ET

Dow Jones
03-05
 
New York Fed President Sees Tariffs Feeding Inflation 
 

John Williams said his economic forecast will take into account President Trump's tariffs. The Fed officials expects prices to increase.

 
How Uncertainty From Trump's Tariffs Is Rippling Through the Economy 
 

Levies on Mexico and Canada mark a new era of protectionism, as they disrupt industries and reshape relations between countries.

 
China Retaliates Against U.S. With Tariffs, Controls on U.S. Companies 
 

If the U.S. "insists on launching a tariff war, a trade war or any other war, China will fight to the end." said a Chinese spokesman.

 
Stocks Fall as Tariff Fears Ripple Through Economy 
 

Major indexes had found their footing by midafternoon, then resumed their decline.

 
Oil Outlook Clouded by OPEC+ Output, Trade Tariff Risks 
 

Higher-than-expected supply and a potential demand hit due to softer U.S. activity and escalating tariffs pose downside risks to its oil price forecast, said Goldman Sachs.

 
Dollar Dinged by Trump Tariffs, Suffers Worst 2-Day Decline Since 2023 
 

The greenback was supposed to get a boost from tariffs. That's not happening, even with the stock market falling.

 
Eurozone Labor Market Stays Resilient Despite Weak Economy 
 

The job market continued to defy signs of weakness in the economy that are of growing concern to ECB policymakers.

 
U.K. Shop Prices Continue to Fall But Food Prices Concern 
 

Prices at U.K. stores declined 0.7% on year in February, with retailers betting on heavy discounts to grapple with a backdrop of weak consumer demand, an industry report said.

 
EU Floats $158 Billion Fund to Boost Military Spending 
 

Hours after the U.S. suspended military aid for Ukraine, the European Union proposed the fund to bolster military spending and support Kyiv.

 
Tariff War Risks Sinking World Into New Great Depression, ICC Warns 
 

The world economy could face a downturn similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.

 
 

(END) Dow Jones Newswires

March 04, 2025 17:00 ET (22:00 GMT)

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