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Fortune
Fortune
Ben Weiss

Markets wobble after Trump threatens Canada with 35% tariff over alleged 'flow of Fentanyl'

Donald Trump Canada Mark Carney SP 500
(Credit: Win McNamee—Getty Images)
  • The S&P 500 followed a record-breaking Thursday by dipping 0.33% Friday after President Donald Trump said he would impose a 35% tariff on Canada on August 1.

The stock market dipped on Friday after President Donald Trump issued his latest tariff threat against Canada. The S&P 500 posted a daily decline of 0.33% and was essentially flat over the past week. The Nasdaq notched a daily drop of 0.23%, and the Dow Jones fell 0.63%. 

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