<h1>Trump's Tariffs Hit Markets: S&P 500, Nasdaq, and Dow Drop Amid Trade War with China, Canada, and Mexico.</h1> Wall Street's losing streak intensified as President Trump's tariffs on major trading partners took effect, causing the S&P 500 to drop 0.7%, the Nasdaq 0.6%, and the Dow 1%. The trade war with China, Canada, and Mexico exacerbated the stock slump, with Target and Best Buy warning of higher consumer prices. European markets fell sharply, while Asian stocks saw modest declines. China's retaliatory tariffs on US farm products further strained trade relations. Target reported profit pressure due to tariffs, while Walgreens surged amid privatization talks. The market downturn followed weaker-than-expected US economic reports and inflation concerns.