The stock market is under heavy pressure, with the S&P 500 Index ($SPX), Dow Jones Industrial Average ($DOWI), and Nasdaq Composite Index ($NASX) seeing sharp declines.
One of the main reasons for this slowdown is the trade war initiated by President Donald Trump. His administration imposed steep tariffs on imports from Canada, Mexico, and China. In response, these countries have announced retaliatory measures, creating a tit-for-tat trade war that has unsettled global markets and raised concerns about prolonged economic instability.
