NEW YORK (AP) — The U.S. stock market is sinking further after President Donald Trump raised the stakes in his trade war, pulling Wall Street more than 9% below its record set just a month ago. The S&P 500 fell 1.1% Tuesday after Trump said he would raise tariffs on steel and aluminum coming from Canada, doubling them to 50%. The president said it was in direct response to moves Canada has made after Trump earlier began his trade war with one of the country’s most important business partners. The Dow Jones Industrial Average dropped 517 points, and the Nasdaq composite was 0.9% lower.