Dow drops 600 points as Trump escalates trade war with Canada
U.S. stocks are in trouble again on Tuesday Upgrade his trade war As Canada, the Dow Jones industrial average fell by 600 points, and the S&P 500 was close to corrections.
“The market has been down for three weeks in a row, and this is largely driven by uncertainty about where trade policy is, all-out. We are overwhelmed by tariff announcements, which are different from the 2018 script, are actually universally applied, and what we are seeing is a surgical approach of 1.0,” Art Hogan, Art Hogan, Art Hogan, Art Hogan, Art Hogan, B. Riley Moneywatch’s Art Hogan, Art Hogan, Art Hogan, Art Hogan, Art Hogan, Chief Market Strategist. “Unless and until we know where the target positions are actually on trade and tariffs, this uncertainty will continue to weigh in the market.”
The hardest hit sectors include energy, materials and industry. The three departments have reported that Mr. Trump has imposed tariffs on steel and aluminum imported from Canada, responding to the country’s largest province, announcing a 25% surcharge on the country’s largest province. Electricity exports to the United States
The president also said that if tariffs on U.S. dairy products and other goods are not removed, he would “ratically increase” other tariffs on Canada on April 2.
In early morning trading, the Dow Jones index was 697 points, or 1.4%, at 41,304. The S&P 500 lost 55 points, or 1%, to 5,559.97, while the Nasdaq composite rate was 123 points, or 0.7%, to 17,322.
– This is a development story that will be updated.
