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Wall Street’s Slide to Correction Resumes as Tariff Anxiety Persists

The S&P 500 is on the cusp of closing in a correction, or a 10% drop from its February high. Constantly moving goal posts on tariffs and trade have rattled investors.

© Spencer Platt/Getty Images

As President Trump’s unpredictable and halting tariff policies rattled investors this week, many of his most loyal supporters in the media chose to barely mention the news.
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Trump’s Tariffs and the Backlash From Canada and Other Countries, Explained

After a fresh wave of tariffs from the United States, Canada and the European Union said they would impose billions in levies on U.S. goods.

© Adam Amengual for The New York Times

Most economists expect fresh trade barriers to raise prices for U.S. businesses and households, which could lead to a temporary burst of higher inflation.
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Egg Prices Surge Again Even as Inflation Eases

Prices for the staple rose 10.4% in February even as overall inflation eased a bit. An outbreak of avian influenza continued to contribute to a nationwide egg shortage.

© Graham Dickie/The New York Times

Street vendors selling eggs in Manhattan last month.
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