S&P 500 slides into correction territory as Trump trade wars spook investors

1. S&P 500 closed down over 10% from February peak amid trade war volatility. 2. US administration threatened new tariffs against EU as retaliation for existing tariffs. 3. Canada and EU implementing tariffs valued at $40bn on US goods. 4. Federal Reserve likely to hold interest rates steady amid market uncertainty. 5. Treasury Secretary downplays short-term volatility, focusing on long-term market gains.