Wall Street is facing a steep decline as investors react to the recent announcement of new auto tariffs by the Trump administration. Stock futures have fallen sharply, and major tech companies like Nvidia and Tesla have seen significant drops, contributing to the overall market slump. The Nasdaq index has recorded a drop of 1.7%, while the Dow Jones and S&P 500 have also experienced losses, snapping a three-day winning streak. Investors are bracing for volatility as they assess the impact of these tariffs on the economy and specific sectors, particularly in technology and automotive. As concerns grow, traders are focusing on stocks such as Nvidia, Tesla, and GameStop, among others, which have been heavily affected by the tariff-related turmoil.