Trump could meet Canada and Mexico ‘in the middle’ on tariffs, Lutnick says

The shares of Wall Street decreased for the second day in a row due to the increasing concerns, and Donald Trump’s tariff will deal with the American economy.

The S& P 500 chip fell to about 0.9 percent on Tuesday afternoon, while the NASDAQ technology compound fell 0.2 percent.

S&P 500 briefly fell on Tuesday less than the closing price on November 5, which means that the scale has eliminated all its gains since the elections. But he recovered a little higher than those levels later in the session.

The stocks were initially gathered after Trump’s electoral victory, as investors are betting that his promise to tax discounts and the most flexible organization will enhance corporate profits.

Recently, two weeks ago, the S&P was at all levels ever, an increase of more than 6 percent since the vote.

However, these gains have been largely erased as investors are concerned that the influence of Trump’s strong protective policy will harm the American economy.

On Tuesday, the United States imposed a 25 percent tariff on Canada and Mexico, and an additional 10 percent tax on China. All three countries have indicated that they intend to take retaliatory measures in response, and to escalate fears of the trade war.