US: Wall Street opens lower after Trump’s steel tariff threat

[NEW YORK] Wall Street’s main indices opened lower on Monday (Jun 2) after US President Donald Trump revealed plans to double tariffs on imported steel and aluminium, fuelling more uncertainty around US trade policies.

The Dow Jones Industrial Average fell 70.1 points, or 0.17 per cent, at the open to 42,199.94. The S&P 500 fell 15 points, or 0.25 per cent, to 5,896.68​, while the Nasdaq Composite dropped 50.7 points, or 0.27 per cent, to 19,063.06. Reuters