ABC WORLD NEWS TONIGHT
3/13/25
6:33 PM
DAVID MUIR: And we begin here with the stock market dropping again, as President Trump escalates his trade war with America’s allies. The Dow closing down more than 500 points today, the S&P 500 now in correction territory tonight. All of this today after the president announced a 200% tariff on all wine, champagne, and alcohol from France and other European countries. His retaliation for the European tariffs on American goods that were a response to President Trump's tariffs in the first place. The Dow tonight closing down 537 points, closing at 40,813. President Trump today with NATO's secretary-general visiting, defending his tariffs saying, “I'm not going to bend at all.” And tonight here, the new poll just in, showing Americans are growing very concerned, weighing in on the president's handling of the economy so far and on his tariffs on our neighbors Canada and Mexico. ABC's Chief White House correspondent Mary Bruce leading us off tonight.
MARY BRUCE: Tonight, an ominous new sign the president's escalating trade war is taking a real toll on the American economy. The Dow plunging more than 500 points. And for the first time in two years, the S&P 500 closing down 10% from its recent peak. Going into what's known as correction territory. An alarm bell for investors that the current roller coaster ride is far from over. Still, President Trump insisting he's not backing down from his sweeping tariffs.