US stock market takes another tumble as Trump threatens tariffs on wine
US stock market takes another tumble as Trump threatens tariffs on wine
US stock market tumbles again as Trump threatens tariffs on wine
Author: John Power
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Published on: 14/03/2025 | 00:00:00
AI Summary:
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The benchmark S&P 500 fell 1.39 percent on Thursday, dragging the index into a correction. The index last entered correction territory in October 2023. Dow Jones Industrial Average and Nasdaq Composite also recorded sharp declines. Trump threatened to slap a 200 percent tariff on wine, champagne and other alcoholic products from the EU. The bloc announced plans to impose a 50% tariff on US bourbon whiskey from April 1 in response to US duties on steel and aluminium that went into effect.
Original: 390 words
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Summary: 82 words
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Percent reduction: 78.97%