{"id":1031,"date":"2025-03-11T15:53:01","date_gmt":"2025-03-11T15:53:01","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/dow-drops-600-points-as-trump-escalates-trade-war-with-canada\/"},"modified":"2025-03-11T15:53:01","modified_gmt":"2025-03-11T15:53:01","slug":"dow-drops-600-points-as-trump-escalates-trade-war-with-canada","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/dow-drops-600-points-as-trump-escalates-trade-war-with-canada\/","title":{"rendered":"Dow drops 600 points as Trump escalates trade war with Canada"},"content":{"rendered":"\n<div id=\"article-0\">\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium is-hero\" data-ads=\"{\" extrawordcount=\"\">\n<div class=\"embed__content-wrapper\">\n<link rel=\"preload\" as=\"image\" 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<\/span><\/p>\n<p>        <button class=\"player-overlay__button player-overlay__button--close\" data-target=\"\" aria-label=\"Disable small player\"><br \/>\n          <svg class=\"player-overlay__button--icon player-overlay__button--icon-close\"><use xlink:href=\"#player-icon-close\"\/><\/svg><\/button><\/p>\n<p>  <iframe 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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"what-to-know-after-mondays-market-downturn--hero\" title=\"Video: What to know after Monday's market downturn\" data-sort-time=\"1741696514000\" data-update-time=\"1741696514000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\"><use xlink:href=\"#player-icon-close\"\/><\/svg><\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\">\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">What to know after Monday&#8217;s market downturn<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">06:57<\/span><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p>U.S. stocks caved again on Tuesday as President Trump <span class=\"link\">escalated his trade war<\/span> with Canada, with the Dow Jones Industrial Average falling 600 points and the S&amp;P 500 approached correction territory.<\/p>\n<p>&#8220;The market has been down for three weeks in a row, largely driven by uncertainty about where trade policy lands, full stop. We&#8217;ve been inundated with tariff announcements that, unlike the 2018 playbook, are actually being applied universally versus the surgical approach we saw with term 1.0,&#8221; Art Hogan, chief market strategist at B. Riley Wealth, told CBS MoneyWatch. &#8220;Unless and until we know where the goal posts actually are on trade and tariffs, this uncertainty will continue to weigh on markets.&#8221;\u00a0<\/p>\n<p>The hardest-hit sectors included energy, materials and industrials. All three sectors fell amid news that Mr. Trump was hiking tariffs on imports of steel and aluminum from Canada to 50% in response to the country&#8217;s largest province, Ontario, on Monday announcing a 25% surcharge on <span class=\"link\">electricity exports to the U.S.<\/span>\u00a0<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium \"><figcaption class=\"embed__caption-container\">\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Behind Ontario&#8217;s tax on electricity for the U.S.<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">03:10<\/span><\/p>\n<\/figcaption><\/figure>\n<p>The president also said he would &#8220;substantially increase&#8221; other tariffs on Canada on April 2 if it does not rescind tariffs on U.S. dairy products and other goods.<\/p>\n<p>In late morning trade, the Dow was off 697 points, or 1.4%, at 41,304. The S&amp;P 500 lost 55 points, or 1%, to 5,559.97, and the Nasdaq Composite shed 123 points, or 0.7%, to 17,322.<\/p>\n<p><em>\u2014This is a developing story and will be updated.<\/em><\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p><!-- tags --><\/p>\n<div class=\"content-author\">\n      Kate Gibson<\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and consumer finance.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What to know after Monday&#8217;s market downturn What to know after Monday&#8217;s market downturn 06:57 U.S. stocks caved again on Tuesday as President Trump escalated his trade war with Canada, with the Dow Jones Industrial Average falling 600 points and the S&amp;P 500 approached correction territory. &#8220;The market has been down for three weeks in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[671,757,758,759,687,407,224,760],"class_list":["post-1031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-canada","tag-dow","tag-drops","tag-escalates","tag-points","tag-trade","tag-trump","tag-war"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1031"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1032"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}