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US markets today: S&P 500 and Nasdaq retreat from record highs, Donald Trump tariffs jolt investor sentiment

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US stocks declined on Friday, reversing course from record highs due to President Trump's new tariff threats, including a 35% levy on Canadian imports. The S&P 500, Nasdaq, and Dow all fell, while European and Asian markets showed caution. Levi Strauss stood out with a 7% jump after exceeding expectations.
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