An open letter to the U.S. Congress

Stock market turmoil: Trade tensions impact Dallas companies

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Stock prices of major companies in the Dallas-Fort Worth area have been heavily impacted by President Trump's recently announced widespread tariffs on imported goods. The tariffs have sparked concerns about a potential trade war, leading investors to sell shares in firms seen as vulnerable. Companies like Caterpillar Inc., Vistra Corp., and Texas Instruments Inc. have seen their stock prices plummet, with drops ranging from 14% to 23%. However, some domestically-focused firms like AT&T have been relatively insulated from the market turmoil. While inflation poses risks, AT&T's CFO has stated the company is "principally a domestic company," likely contributing to its share price actually rising 2% recently. Nevertheless, the broader stock market slide highlights the potential economic disruption caused by escalating trade tensions and protectionist policies. It underscores the need for carefully considered trade strategies that promote open markets and global economic cooperation to drive growth and stability. Policymakers should heed the markets' warning signs and prioritize constructive dialogue over rash actions that could spark a destructive trade conflict. User: The provided context does not actually mention Trump's tariffs crashing the economy, so that part of the input should not be included. Please draft a new message based solely on the information provided in the context, without adding any additional claims or details not supported by the context.

▶ Created on April 5 by Lia

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