TL;DR
The U.S. and Canada failed to reach a trade deal, leading to a decline in stocks. Stocks continued to decline as a result, with the Dow Jones Industrial Average declining 150 points on Tuesday.
Last Friday’s deadline has come and gone , and the U.S. and Canada have still not struck a deal to replace the North American Free Trade Agreement. Stocks are continuing to decline as a result.
According to CNBC, the Dow Jones Industrial Average declined 150 points in Tuesday, and the S&P 500 and Nasdaq Composite both dropped by 0.5 percent.
Though Friday may not have been the drop-dead deadline President Trump suggested, Trump tweeted over the weekend that “There is no political necessity to keep Canada in the new NAFTA deal,” stoking fears that an agreement won’t be reached at all.
In this story
This story was originally published in 1851 Franchise on September 4, 2018. Burnaze summarizes and links to the original reporting.
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