Author: John Power
Published on: 14/03/2025 | 00:00:00

AI Summary:
The benchmark S&P 500 fell 1.39 percent on Thursday, dragging the index into a correction. The index last entered correction territory in October 2023. Dow Jones Industrial Average and Nasdaq Composite also recorded sharp declines. Trump threatened to slap a 200 percent tariff on wine, champagne and other alcoholic products from the EU. The bloc announced plans to impose a 50% tariff on US bourbon whiskey from April 1 in response to US duties on steel and aluminium that went into effect.

Original: 390 words
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Percent reduction: 78.97%

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