Morning Report 31 Mar 25: Growth concerns return as Trump tariffs take center stage once more

Wall Street is facing renewed growth concerns as Trump’s tariffs return to the spotlight. Technology stocks led declines, with Apple and Amazon each tumbling more than 4%. Auto makers also retreated on tariff worries, dragging General Motors and Ford lower. Elsewhere, Lululemon shares slumped following a profit downgrade. In Europe, car makers continued to weigh on EU stocks, reflecting similar concerns over trade policy. In commodities, the oil market is in focus as Trump threatens new energy tariffs, while gold surged as investors sought safe-haven assets. Looking ahead, SPI futures indicate a steep drop for the ASX 200.

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