US stocks give up nearly all the gains as Trump restarts the trade war

Trump is back to being tariff man.

After a week of working on peace in the Middle East, Trump is pivoting again and away we go.

The S&P 500 was on its way to a record close and a close above the prior record high of 6147 but it’s now given up around 40 poitns of gains and is barely positive.

I tend to think that Trump is playing games ahead of a deal with Canada but it’s the market — everyone is free to place their bets on what Trump will do next. In my opinion, iIf he was truly serious about fighting Canada, he would have announced new tariffs.

This article was written by Adam Button at www.forexlive.com.