Stocks drop as Trump threatens tariffs on Canada and trading partners

US stocks fell after President Trump threatened Canada with a 35% tariff on imports, causing the S&P 500 to drop 0.4% and the Nasdaq Composite to fall 0.2%. Bitcoin rose to over $118,000 per token. Trump also floated higher blanket tariffs on most trading partners, alarming investors. Levi’s shares surged 9% after raising annual forecasts. Energy stocks rose as oil prices increased. Gold maintained a two-day rise amid tariff concerns. Asian markets were mixed as tariffs shook the global economy. Stock futures fell after Trump’s tariff threats.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq slip after Trump threatens 35% Canada tariff, higher blanket duties