Dow, S&P 500 fall and Nasdaq give up gains as Trump moves ahead on tariffs

US stocks lost ground on Friday after the White House said tariffs against Mexico, Canada, and China will take effect on Saturday, reigniting fears of a coming trade war with the nation’s closest trading partners. White House Press Secretary Karoline Leavitt said the president would impose 25% tariffs on goods from Mexico and Canada, as well as a 10% tariff on goods from China. Two of the major gauges sank into the red Friday afternoon. The S&P 500 (^GSPC) lost 0.2% Friday, while the Dow Jones Industrial Average (^DJI) shed 0.5%. The tech-heavy Nasdaq Composite (^IXIC) remained in the positive…