North American stocks fall amid U.S.-China tariff threats, loonie lower


TORONTO — North American stock markets fell in late-morning trading as U.S. President Donald Trump threatened tariffs on another $200 billion in imports from China which said it would retaliate.

The S&P/TSX composite index was down 68.77 points to 16,314.86, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 339.61 points to 24,647.86. The S&P 500 index was down 20.53 points to 2,753.22 and the Nasdaq composite index was down 75.35 points to 7,671.68.

The Canadian dollar was trading at 75.34 cents US, down from an average value of 75.68 cents US on Monday.

The August crude contract was down US$1.25 to US$64.44 per barrel and the July natural gas contract was down five cents to US$2.90 per mmBTU.

The August gold contract was down US$3.30 cents to US$1,276.80 an ounce and the July copper contract was down four cents to US$3.06 a pound.

The Canadian Press