S&P 500 enters correction as stocks drop for third week amid Trump’s tariff threat

The S&P 500 is down 10% since its recent high, which is known as a correction on Wall Street. There are concerns the escalating trade war could lead to new costs for supply chains. President Trump called the European Union “hostile and abusive” and threatened to slap a 200 percent tariff on European alcohol if the E.U. does not drop its 50 percent levy on American whiskey. While the trade war escalates, NBC News learned the stock market slide has Republicans concerned. NBC News’ Christine Romans and Gabe Gutierrez report. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://apps.nbcnews.com/mobile Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Follow NBC News on Instagram: http://nbcnews.to/InstaNBC #stockmarket #trump #tariffs

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