S&P 500 cuts some losses but remains pressured by Trump auto tariffs

Trump announces auto tariffs, car stocks slide 

General Motors (all traded lower, while U.S.-listed foreign automakers Toyota (

Trump’s auto tariff threat sparked renewed concerns over the economic impact of his tariff agenda, especially as he gears up to impose tariffs on several major U.S. trading partners, also on April 2, a date he has dubbed "liberation day". 

U.S. economic growth slows 

Worries that the trade duties will dent U.S. growth and potentially reignite inflation have weighed on U.S. equities in the first quarter of 2025.

Data released earlier Thursday showed that U.S. economic growth slowed in the fourth quarter, according to a final revision of government data that followed two earlier estimates.