Investors reduced stock exposure after President Trump announced tariffs on auto imports, impacting markets and raising inflation concerns. The 10-year U.S. Treasury yield rose, gold reached new highs, and automaker shares plummeted. Despite the auto tariff concerns, currencies of affected countries remained resilient against the U.S. dollar. Investors reduced stock exposure after President Trump announced tariffs on auto imports, impacting markets and raising inflation concerns. The 10-year U.S. Treasury yield rose, gold reached new highs, and automaker shares plummeted. Despite the auto tariff concerns, currencies of affected countries remained resilient against the U.S. dollar. Economic Times