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President Trump's decision to slap metals tariffs on European countries as well as Mexico and Canada have hit the stock markets, with the Dow Jones industrial average falling by about 250 points (1.0%) and the Nasdaq and S&P 500 also falling by 0.1% and 0.4% respectively.

Go deeper: The latest on Trump's tariffs decision.

The stock market is falling after Trump's trade war news

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President Trump&#x27;s decision to slap metals tariffs on European countries as well as Mexico and Canada have hit the stock markets, with the Dow Jones industrial average falling by about 250 points (1.0%) and the Nasdaq and S&amp;P 500 also falling by 0.1% and 0.4% respectively.Go deeper: <a class="gtmContentClick" data-vars-link-text="The latest on Trump&#x27;s tariffs decision" data-vars-click-url="https://www.axios.com/trump-europe-canada-and-mexico-steel-aluminum-tariffs-4c923898-7b9c-4f77-adbe-b317f3f2c02c.html" data-vars-content-id="9752a976-66c9-4c31-84de-c22d1631a719" data-vars-headline="The stock market is falling after Trump&#x27;s trade war news" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/trump-europe-canada-and-mexico-steel-aluminum-tariffs-4c923898-7b9c-4f77-adbe-b317f3f2c02c.html" target="_self">The latest on Trump&#x27;s tariffs decision</a>.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.