The S&P 500 fell 1.4% on Thursday, marking its lowest point of the year and sliding into a market correction, as it is now down 10.1% from the all-time high it reached less than a month ago. The Dow Jones Industrial Average also hit a year-to-date low, closing down 537 points.

US stocks slid, with the S&P 500 joining Nasdaq in a correction as Trump threatens 200% tax on European liquor if EU's tax on US whiskey stays.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Donald Trump is escalating his global trade war,

Some proposals have taken effect while others are on ice during negotiations.Here’s where things stand:Canada and MexicoA 25% import tariff on goods from Mexico and Canada took effect March 4, with an exception for energy products and potash,