Amid Trump’s latest tariff threats, the S&P 500 tumbles into correction territory just three weeks after smashing record highs

• S & P 500 Thursday, three weeks after reaching record levels, I entered the wake of the tariff threats, with 200 % of Trump for European wine and chimpania. While inflation was cooled in February, the news was not enough to rescue the S&P from the 10 % decrease.

The most popular index in the correction of Thursday fell amid concerns about President Donald Trump's latest threat, the latest inflation data, and the closure of the government.

S&P 500 fell by 1.4 % on Thursday, and more than 10 % less than the highest level ever, the index reached only three weeks ago, as it occurred in the correction area. Wall Street sees the market correction as an indicator that declines more than 10 % of the last peak.

In addition, the technology -centered nasdaq boat, which is approximately 2 % and is already in a correction area from last week. The Dow Jones industrial average decreased by approximately 550 points, and 1.3 % sliding.

“I think what the market tells us is that they are very concerned about the possibility of recession.” New York Times. “This is definitely not what the markets expected until 2025.”

The latest inflation data indicates that the prices are launched after the consumer price index increased by 0.2 % season for February, and inflation is committed to 2.8 %, according to what he said. Ministry of Labor.

Cooling prices are not a cause of celebration, as Trump's latest threats bring inflationary concerns to Wall Street.

Early on Thursday, Trump warned of a 200 % tariff for European wine, champagne and other lives in revenge for the announcement of the European Union that the bloc would evoke 50 % duties on whiskey and Bourbon. The European Union tariff was in a state of revenge for Trump's tariff around the world of 25 % of steel and aluminum.

“The CNN. “The uncertainty has acquired the definitions of most of the blame for the pressure pressure and the exacerbation of economic growth concerns.”

The escalating fear of closing the government adds to investor doubts. Democrats in the Senate are looking to prevent a draft law for republican spending to avoid closure and asked the Republican Party to accept a blue plan to provide financing until April 11.

While Wall Street hopes to stabilize the market, it appears that the problems of customs tariffs will remain as Trump told the correspondents that he would not consider Canada to pardon the customs tariff.

“I'm sorry, we have to do this,” he said.

This story was originally shown on Fortune.com