U.S. stocks experienced a broad decline on Monday following President Trump's imposition of sweeping tariffs on goods from Mexico, Canada, and China. The move triggered fears of a trade war, potentially harming business growth and profits across various sectors.
<p>WASHINGTON — Automakers, beer brewers and nuclear power companies led declines in a broad equity pullback on Monday after the U.S.
</p><p>The auto sector could face additional costs of up to $40 billion per annum, or 7% higher per car on average, Bernstein estimated. General Motors slid 6.
TRADE WAR TARIFFS ECONOMY STOCK MARKET AUTOMOTIVE INDUSTRY NUCLEAR POWER
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