On February 20, 2025, Wall Street opened lower as investors reacted to the announcement of a 25% tariff by former President Donald Trump. The Federal Reserve indicated it might pause interest rate hikes due to concerns over these tariffs. The market's cautious sentiment was reflected in the dollar's decline, with analysts noting the ongoing uncertainties surrounding Trump's tariff policies and their potential impact on the U.S. economy. By the end of the trading day, Wall Street recorded losses amid this cautious outlook, as the Fed's stance on tariffs remained a focal point for investors.