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US markets today: S&P 500 and Nasdaq retreat from record highs, Donald Trump tariffs jolt investor sentiment

IndiaTimes Friday, 11 July 2025
US stocks declined on Friday, reversing course from record highs due to President Trump's new tariff threats, including a 35% levy on Canadian imports. The S&P 500, Nasdaq, and Dow all fell, while European and Asian markets showed caution. Levi Strauss stood out with a 7% jump after exceeding expectations.
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Video Credit: Oneindia - Published
News video: Trump SLAPS 25% TARIFFS on Japan & South Korea | Key Trading Partners on Trump’s TARIFF Radar

Trump SLAPS 25% TARIFFS on Japan & South Korea | Key Trading Partners on Trump’s TARIFF Radar 05:16

 Donald Trump has slapped 25% tariffs on Japan and South Korea, warning both nations to “build in the USA or pay up.” With a July 9 deadline looming, Trump’s letters threaten even steeper tariffs if Tokyo or Seoul retaliate or refuse trade deals. He blames long-standing U.S. trade deficits on...

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