Wall Street lower on weak earnings, escalating trade tensions

EU Trade Commissioner Cecilia Malmstrom said she hoped a mission to Washington would ease the trade dispute that started after the United States imposed tariffs on EU steel and aluminum on June 1, with President Donald Trump threatening to extend them to cars and auto parts. "Today's theme is trade war, as the EU is going to retaliate against car tariffs and that is going to weigh," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

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