{"id":12126,"date":"2025-03-11T15:32:57","date_gmt":"2025-03-11T15:32:57","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/dow-drops-600-points-as-trump-escalates-trade-war-with-canada\/"},"modified":"2025-03-11T15:32:57","modified_gmt":"2025-03-11T15:32:57","slug":"dow-drops-600-points-as-trump-escalates-trade-war-with-canada","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/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":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     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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\"><a href=\"https:\/\/www.cbsnews.com\/video\/what-to-know-after-mondays-market-downturn\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\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<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p>U.S. stocks caved again on Tuesday as President Trump <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-canada-steel-aluminum\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">escalated his trade war<\/a><\/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\"><a href=\"https:\/\/www.cbsnews.com\/news\/ontario-electricity-tariff-surcharge-energy-exports-michigan-minnesota-new-york\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">electricity exports to the U.S.<\/a><\/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\"><a href=\"https:\/\/www.cbsnews.com\/video\/behind-canadas-tax-on-electricity-for-the-us\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\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<p>                      <\/a><\/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      <a href=\"https:\/\/www.cbsnews.com\/team\/kate-gibson\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Kate Gibson<\/a><\/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<p><script async 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on<\/p>\n","protected":false},"author":1,"featured_media":12127,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-12126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dow drops 600 points as Trump escalates trade war with Canada - World News<\/title>\n<meta name=\"description\" content=\"Following Monday&amp;#039;s rout on Wall Street, stocks extended their slide after President Trump ramped up his trade war with Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/dow-drops-600-points-as-trump-escalates-trade-war-with-canada\/\" \/>\n<meta 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