
Wall Street experienced a decline following President Donald Trump's announcement of a 35% tariff on Canadian goods, effective next month. The S&P 500 fell by 0.22%, and the Dow Jones Industrial Average dropped nearly 300 points, or approximately 279 points, amid growing concerns about escalating trade tensions and the potential for a global trade war. The tariff move has increased uncertainty surrounding U.S. trade policy, prompting a sell-off in the New York stock market. This development also raised fears of further trade conflicts involving the European Union.

Wall Street closed lower after President Trump escalated tariffs on Canada, adding to uncertainty over US trade policy. Read report: https://t.co/eaMgqrMTnG https://t.co/dDcqJkDBKJ
WATCH: Wall Street ended lower after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around US trade policy https://t.co/eaMgqrNrde https://t.co/qp0zXTz8U0
Dow drops nearly 300 points after Trump teases 35% tariff on Canada, new threat to EU https://t.co/1uba6NnZzM https://t.co/nhRdpdvVou