The S&P 500 is down 10% since its recent high, which is known as a correction on Wall Street. There are concerns the escalating trade war could lead to new costs for supply chains. President Trump called the European Union “hostile and abusive” and threatened to slap a 200 percent tariff on European alcohol if the E.U. does not drop its 50 percent levy on American whiskey. While the trade war escalates, NBC News learned the stock market slide has Republicans concerned. NBC News’ Christine Romans and Gabe Gutierrez report.
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