Stock market today: Wall Street’s sell-off worsens after Trump ups the ante in his trade war


Source: sootoday.com sootoday.com

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NEW YORK (AP) — The U.S. stock market is sinking further Tuesday after President Donald Trump raised the stakes in his trade war, pulling Wall Street more than 9% below its record set just a month ago. The S&P 500 was down 0.9% in morning trading after Trump said he would raise tariffs on steel and aluminum coming from Canada, doubling their planned increase to 50%. The president said it was in direct response to moves Canada made after Trump earlier threatened tariffs on one of the country’s most important business partners. The Dow Jones Industrial Average was down 529...