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
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.