Stock Market Slump: S&P 500 Slides 10% From All-Time High As Trump Tariff Backlash Intensifies
1. S&P 500 fell 1.4%, marking its lowest point this year. 2. Market correction follows a 25% tariff on steel and aluminum imports. 3. Retaliatory tariffs from Canada, EU, and China exacerbate market conditions. 4. Tech stocks also faced declines, contributing to overall market slump. 5. Trump threatens additional tariffs, increasing market volatility.