Stock Market Drops as Trump Tariffs Cause Instability

Reported 1 day ago

Wall Street experienced a decline on Friday, surrendering early gains after the White House announced President Trump would impose tariffs of 25% on imports from Canada and Mexico and 10% on goods from China. The S&P 500 fell 0.5%, marking its first weekly loss in three weeks as concerns about inflation and rising bond yields pressured the markets, with the Dow and Nasdaq also closing lower.

Source: YAHOO

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