There have been 35 moves of 1 percent or more in the Dow Jones industrial average so far this year. CNBC found fully a third of these moves, or 12 days, were linked to news about trade. On seven of the 12 days, negative trade developments sent the Dow lower by an average of 1.7 percent and cost investors a cumulative $700 billion in market capitalization. On the same days that the Dow dropped 1 percent on trade news, the S&P 500 fell a cumulative $2.2 trillion.
Trump's trade fights have cost the stock market trillions and raised volatility
President Donald Trump on Friday threatened to slam huge tariffs on imported cars from the European Union, a massive threat in the escalating trade conflict between the allies. Trump had directed the Commerce Deparment to launch an investigation into imported autos in May, similar to the procedure that led to the steel and aluminum tariffs. While the results of that investigation are still weeks away, Trump raised the specter of tariffs on Twitter... "Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the US," Trump tweeted. "Build them here!" Trump has long been fixated on imported cars. Former Trump adviser Gary Cohn recounted a story during a recent panel in which Trump asked why all cars in the US weren't made domestically.
Trump threatens tariffs on cars, trucks, autos from EU, Europe - Business Insider