Major stock indexes were slightly lower on Friday as President Trump’s announcement of tariffs on imports from Canada raised trade tensions. Investors await news on tariffs for the European Union. Trump plans a 35% tariff on Canadian imports and 15-20% on others, prompting market uncertainty. Stocks may benefit from second-quarter earnings.

The Dow Jones, S&P 500, and Nasdaq fell, all three down for the week. Nvidia stock reached a record high, while AeroVironment rose after a surge in drone production. Global stocks fell, with the STOXX 600 index down. Tariff announcements cause market uncertainty, affecting currency values.

The Canadian dollar weakened against the greenback, while the dollar index rose. Bitcoin hit a record high, and crypto investors anticipate policy wins next week. Trump extends tariff deadline to August 1, broadening the trade war. Copper prices slip, gold rises, and Treasury yields increase in anticipation of inflation report.

Federal Reserve expected to keep interest rates on hold. Oil prices rise as reports show the market is tighter than perceived. Brent crude settles at $70.36 a barrel, while West Texas Intermediate settles at $68.45. Market reactions continue to be influenced by trade tensions and tariff announcements.

Read more at Yahoo Finance: Stocks, Canadian dollar slip as Trump announces tariffs on imports from Canada