News Highlights: Top Global Markets News of the Day - Tuesday at 9 AM ET

Dow Jones
03-04
 
Trump's Canada-Mexico Tariffs Take Effect 
 

The president's 25% tariffs took effect Tuesday, after he declared there was "no room left" for negotiations with America's neighbors.

 
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.

 
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.

 
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.

 
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.

 
Trump Ushers in New Era of Protectionism 
 

Uncertainty from tariffs on Mexico and Canada are disrupting manufacturers and markets.

 
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.

 
Asia's Defense Stocks Climb on Hopes of More European Arms Spending 
 

Defense stocks in key Asian markets jumped, buoyed by expectations that European nations will boost security spending.

 
Banks Loan $2 Billion to Build a 100-Acre AI Data Center in Utah 
 

One of the biggest construction loans ever for a data center highlights booming demand for artificial intelligence.

 
RBA Signals That Further Cuts Are Not Assured 
 

In the minutes from the two-day policy meeting, the RBA board emphasized that the easing did not signal the beginning of a series of cuts.

 
 

(END) Dow Jones Newswires

March 04, 2025 09:00 ET (14:00 GMT)

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