The U.S. stock market is still swinging Thursday, even after getting a double-shot of encouraging news on the economy. President Donald Trump keeps upping the stakes in his trade war, with his most recent threat to tax wines and other alcohol coming from Europe.

US corporate bonds issued by riskier borrowers are sliding as concerns rise that President Donald Trump’s tariffs will knock the American economy. The spread — or additional borrowing cost relative to US Treasuries — paid by junk-rated US companies has jumped by 0.

President Trump said he has no plans to pull back on the tariffs the U.S. is implementing on imports of steel, aluminum and on other materials. "We've been ripped off for years and we're not going to be ripped off anymore,

The Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US imports. This comes after the EU announced its own tariffs on US goods. President Trump says "whatever they charge us with,