American actions fell on Tuesday, extending the losses suffered a day before in the middle of a new round of tariffs in Canada and concern for a possible recession.
The industrial average Dow Jones closed approximately 475 points, or 1.15%, while the S& P 500 fell 0.75%. The nasdaq technological heavy reduced 0.15%.
On Tuesday, a decrease in the market of days played by American tariffs imposed last week in Canada, Mexico and China, some of which were delayed.
President Donald Trump announced on Tuesday retaliation measures in Canada after Ontario slapped a 25% tariff on electricity sent to the US.
Hours later, the Prime Minister of Ontario, Doug Ford, issued a joint declaration with the United States Secretary Howard Lutnick on unknown announcing the suspension of the 25% surcharge in electricity sent to the United States
The withdrawal of the surcharge came along with an agreement to hold a meeting at the White House on Thursday to discuss a renewal of the commercial agreement between the United States and Canada, according to the statement. He did not say if Trump would delay or cancel additional tariffs.
The Tit For Tat marked the latest in a global commercial war that intensified a day before, when China slapped the retaliation tariffs in the United States, deepening commercial tensions between the two largest economies in the world.
A merchant works on the floor of the New York Stock Exchange in the Opening Campana in New York City on March 10, 2025.
Charly triballeau/AFP through Getty Images
On Monday, the nasdaq heavy technological collapsed of 4%, registering its worst negotiation day since 2022. The Dow Jones Industrial Avenge and S& P 500 each fell more than 2% on Monday.
The market delay on Monday extended the losses of last week. The s& P 500 registered its worst week since September.
When asked about a possible recession in an interview broadcast on Sunday, Trump said the tariffs imposed in recent days could achieve a “transition period.”
“I hate to predict things like that,” Trump told Fox News in an interview recorded on Thursday. “Take a little time, but I think it should be great for us.”
In response to a question later on Sunday about his reluctance to rule out a recession, Trump said: “I tell you what, of course, doubts. Who knows?”
The labor statistics office is expected to publish a report on how many jobs are open in the economy, which could provide another clue about the strength of the economy in the midst of the new recession concerns. An inflation report is expected on Wednesday.
