Stocks Fall Further on Trump’s Latest Tariff Talk
Markets whipsawed on Tuesday, as investors puzzled through President Trump’s commitment to tariffs, with stocks dropping in early trading before recovering late in the day.
The S&P 500 index fell 1.5 percent at its low point before recovering some ground and ending the day 0.8 percent lower. Recent waves of selling have left the S&P 500 nearly 10 percent below its mid-February record. Falling more than 10 percent would signify a symbolic milestone known on Wall Street as a correction.
Tuesday’s stock swoon followed Mr. Trump’s new threats of steep tariffs against Canada, with markets moderating hours later after a Canadian official said a delegation would head to Washington soon to lower the tension between the two countries.
The…
