Major stock indexes were slightly lower on Friday as U.S. President Donald Trump's announcement of tariffs on imports from Canada fanned worries about trade tensions, with the Canadian dollar down against the greenback.

Trump’s move deepens a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.

The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end. The 90-day pause,

Lula seeks diplomatic solution but vows reciprocal tariffs if needed Trump links tariffs to Bolsonaro's legal issues Brazilian sectors like aviation and banking feel immediate pressure from tariff threat Brazil's reciprocity law allows countermeasures beyond tariffs BRASILIA,

Brazilian President Luiz Inácio Lula da Silva says he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50%