On March 27 and 28, 2025, stock markets, including the S&P 500, Dow, and Nasdaq, declined due to President Trump's escalating trade war and new tariffs on auto imports. Auto stocks, including GM and Ford, were particularly affected, with global automakers also experiencing declines, except for Tesla.

On March 28, 2025, major Asian automakers' shares declined for a second consecutive day as investors assessed the impact of new auto tariffs imposed by President Trump. Toyota fell 4.53%, Honda 4.88%, Nissan 3.9%, Kia Motors 2.66%, and Hyundai Motor 3.53%.

On March 27 and 28, 2025, it was reported that President Trump threatened to impose "far larger" tariffs on the European Union and Canada if they collaborate to combat trade tariffs.

On March 28, 2025, Wall Street analysts reportedly slashed their S&P 500 forecasts but are increasing their focus on Big Tech companies.

On March 28, 2025, reports indicated that the escalating trade war with the U.S. has led Beijing to expand its ties with Central Asia. State-backed firms are seeking to substitute U.S. imports and reroute exports.

On March 28, 2025, Chinese President Xi Jinping met with global executives to promote investment in China, amidst escalating trade tensions with the United States.

On March 27, 2025, reports indicated that top Federal Reserve officials were frequently discussing 'uncertainty' in their meetings.

On March 28, 2025, Dow futures experienced a slight decline as investors awaited the release of consumer-sentiment data.