The S&P 500 has officially entered a correction territory as stocks have dropped for the third consecutive week amidst President Trump’s tariff threats. The index is down 10% since its recent high, causing concern among investors on Wall Street.
One of the main reasons for the drop in stocks is the escalating trade war between the United States and other countries. President Trump recently called the European Union “hostile and abusive” and threatened to impose a 200 percent tariff on European alcohol if the E.U. does not drop its 50 percent levy on American whiskey. This back-and-forth between countries has led to fears of new costs for supply chains and uncertainty in the market.
The stock market slide has also raised concerns among Republicans, as they worry about the impact of the ongoing trade war on the economy. NBC News reporters Christine Romans and Gabe Gutierrez have been following the developments closely and providing updates on the situation.
As the trade war continues to escalate, it remains to be seen how the stock market will react and what steps will be taken to address the growing concerns. Stay tuned for more updates on this developing story.
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Video “S&P 500 enters correction as stocks drop for third week amid Trump's tariff threat” was uploaded on 03/14/2025 to Youtube Channel NBC News