Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.

Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.

Late Thursday, Trump posted a letter threatening to impose 35% tariffs on goods from Canada. The barrage of letters began on Monday, setting tariffs of 25% on goods from Japan and South Korea and 50% on Brazil.

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S mall caps and blue chips lagged a generally down market Friday as the Russell 2000 and Dow Jones Industrial Average were responsible for most of the selling. Meanwhile the Nasdaq and S&P 500 tried to limit losses as Nvidia NVDA and Palantir PLTR continued to attract buyers on the stock market today.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Live Updates Live Coverage Has Ended Friday Wrap-up 4:02 pm The Vanguard S&P 500 ETF closed at 573.26 on Friday, down 0.3% for the day and down 0.5% for the week. Elon Musk is in Hot Water in France 1:15 pm France is reportedly probing allegations that X (nee Twitter) manipulated its algorithms for the

Trump Media & Technology Group ( DJT 1.65%) stock lost ground in June's trading despite a very strong bullish backdrop for the broader market. The company's share price fell 15.2% across the stretch, according to data from S&P Global Market Intelligence. The S&P 500 gained 5% in the month, and the Nasdaq Composite rose 6.6%.

These days, Tesla investors would probably like to be thinking about EV sales, robo-taxis, or anything else besides politics.

President Donald Trump's latest tariff threats were adding pressure to global stocks on Friday. Shares of the popular Global X DAX Germany exchange-traded fund were down 1.2% on Friday, while heading for a 2% two-day slump.

Families can contribute up to $5,000 a year into Trump accounts, with employers allowed to chip in up to $2,500 of that amount.