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

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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