U.S. stocks finished in the red again Tuesday after President Donald Trump moved to double tariffs against Canada. The Dow Jones Industrial Average fell 478.23 points, or 1.14%, to 41,433.48, while the Nasdaq Composite and S&P 500 fell 0.

President Trump is doubling down on his widespread tariffs threats despite a stock market downturn that has helped fuel anxiety the nation could slide into a recession. Trump escalated the tit for tat with Canada on Tuesday when he said his administration would increase planned steel and aluminum tariffs in response to an electricity

Trump previously said he would increase from 25% to 50% tariffs for Canada after Ontario said it would raise electricity prices on U.S.

Trump himself remained out of public view Monday as the Dow Jones Industrial Average fell more than 2% and the Nasdaq dropped 4% in its worst trading day since 2022.

President Donald Trump indicated that he's optimistic when asked about the current state of the economy on Tuesday after previously sidestepping questions about fears of a potential recession. Reacting to the growing fears of a tariff war,

U.S. stocks dropped on Tuesday, extending losses suffered a day earlier amid a fresh round of tariffs on Canada and concern about a possible recession. The Dow Jones Industrial Average closed down about 475 points,