Its shares Wall Street They closed lower on Friday (11.7.2025), the day after the new high record of the S&P 500, after US President Donald Trump announced 35% duties in Canada and threatened with higher duties in all areas.
Specifically, Wall Street’s Industrial Dow Jones lost 279.13 points or 0.63% closing at 44,371.51 points, while the S&P 500 fell 0.33% and closed at 6,259.75 points and the Nasdaq Composite closed 0.22% to 20.585.53.
Trump mentioned Fentanyl as a reason for Canada’s highest duties, adding that they would increase if the country reverses. “If Canada works with me to stop the flow of Fentanyl, we will probably consider an adaptation of this letter,” Trump said in a letter posted on Truth Social.
Trump then told NBC News that it is planning a 15% to 20% overall duties in other countries, higher than today’s 10% standard with which investors were comfortable.
“I think the invoices have been very good. The Stock Exchange has been a new high today, “Trump told NBC News on Thursday (10.7.2025).
Traders were also expecting a commercial information from Trump on the European Union this week, but it is not clear whether the president would publish a letter with a new rate, as he did with Canada, or will simply provide information on the progress of the ongoing talks on the deal.
Friday’s losses came after the rise of all three large averages during Thursday’s meeting.