Stocks Drop as Trump’s Tariffs Rattle Markets<br />In fact, until Mr. Trump’s comments on Thursday, the prevailing worry for investors seemed to be<br />that economic growth — both in the United States and around the world — was so robust that the Federal Reserve might move quickly to raise interest rates in order to fend off inflation.<br />On the other hand, some companies that sell industrial metals saw their stock prices rise,<br />with shares of AK Steel up roughly 8 percent and U. S. Steel jumping more than 6 percent.<br />The Standard & Poor’s 500-stock index fell 1.2 percent to 2,682 Thursday afternoon, after falling roughly 2 percent earlier in the day.<br />Shares of automakers such as Ford and General Motors, large consumers of steel<br />and aluminum, fell sharply, as the tariffs would raise the cost of raw materials.<br />By MATT PHILLIPSMARCH 1, 2018<br />President Trump’s vow to impose tariffs on steel and aluminum next week rattled financial markets Thursday.
