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Dow falls 280 points, S&P logs weekly loss as Trump trade war escalates​

Stocks closed lower Friday, a day after the S&P 500 posted a new record high, following President Donald Trump’s announcement of a 35% tariff on Canada and threats of higher tariffs across the board.

The Dow Jones Industrial Average lost 279.13 points, or 0.63%, to close at 44,371.51. The S&P 500 slid 0.33% to end at 6,259.75, and the Nasdaq Composite ended the day 0.22% lower at 20,585.53.

Trump cited fentanyl as a reason for higher Canada duties, adding that they would go higher if the country retaliates. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter,” Trump said in a letter posted on Truth Social.

More:

 

Markets Now Closes 7-11-25 Grains Plunge as Weather, Tariffs Trump WASDE: How Low Will Prices Fall?​

Jul 11, 2025
Dave Chatterton, Strategic Farm Marketing


11:08
 

Get Your Trump Bucks $$ With Eric Relph​

Jul 11, 2025
In this episode, Eric Relph of CommStock Investments breaks down the latest USDA Crop Production and WASDE reports, where surprising cuts to corn production estimates failed to move grain markets significantly. He also unpacks the new USDA Supplemental Disaster Relief Program for crop years 2023 and 2024, explaining eligibility requirements and how to apply.


9:22
 
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