Wall Street opens lower as Trump’s tariff deadline nears
Bloomberg
07 Jul
NEW YORK — Wall Street is opening lower as the Trump administration steps up pressure on trading partners to make trade deals before a Wednesday deadline.
The S&P 500 was down 0.4% in early trading Monday. The Dow Jones Industrial Average fell 102 points, or 0.3%. The Nasdaq composite was down 0.6%. Tesla tumbled as the feud between CEO Elon Musk and President Donald Trump reignited over the weekend.
Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republicans’ spending bill that passed last week.
By Teresa Cerojano and Matt Ott
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