a02 briefs

Wall Street down in a manic day after falling 10% below record

NEW YORK — The U.S. stock market fell further following President Donald Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. The S&P 500 fell 0.8% Tuesday, but only after careening between a modest gain and a sharp tumble.

The Dow Jones Industrial Average lost 478 points, and the Nasdaq composite slipped 0.2%. The head-spinning moves came after Trump upped his tariffs against Canadian steel and aluminum, which helped prompt a Canadian province to remove a surcharge that had enraged Trump. Helping to keep the market in check were several Big Tech stocks, which steadied a bit after getting walloped in recent months.

Polls close in Greenland’s capital for parliament election

NUUK, Greenland — The polling station in Greenland’s capital has closed. Tuesday’s parliamentary election will determine the leaders who will confront U.S. President Donald Trump’s effort to take control of the strategically placed Arctic country.

The self-governing region of Denmark is home to 56,000 people, most from Indigenous Inuit backgrounds, and occupies a strategic North Atlantic location. It also contains rare earth minerals key to driving the global economy. Unofficial election results should be available soon after polls close, but they won’t be certified for weeks as ballot papers make their way to the capital from remote settlements by boat, plane and helicopter.

US resumes military aid and intelligence sharing to Ukraine

JEDDAH, Saudi Arabia — The Trump administration says it will immediately lift its suspension of military aid to Ukraine and intelligence sharing with Kyiv.

The announcement came Tuesday, a week after the measures were imposed to push Ukrainian President Volodymyr Zelenskyy to enter talks to end the war with invading Russian forces.

In a joint statement released following a lengthy day of talks between Ukraine and the United States in Saudi Arabia, Ukraine also said it was open to a 30-day ceasefire in the war with Russia, subject to Kremlin agreement.

Trump’s 25% tariffs on steel and aluminum imports go into effect

WASHINGTON — President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. He has promised that the taxes will help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Wednesday’s move eliminates all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on aluminum from 10%. The U.S. president has separate tariffs on Canada, Mexico and China, with plans to also tax imports from the European Union, Brazil and South Korea by charging “reciprocal” rates starting April 2.

Law firm sues over Trump over order on security clearances

WASHINGTON — A law firm targeted by President Donald Trump over its legal services during the 2016 presidential campaign has sued the federal government over an executive order that seeks to strip its attorneys of security clearances. The order from Trump, signed last week, was designed to punish Perkins Coie by suspending the security clearances of the firm’s lawyers as well as denying firm employees access to federal buildings and terminating any federal contracts they have.

It was the latest retributive action taken by Trump against the legal community, coming soon after an earlier order that targeted security clearances of lawyers at a separate law firm.