Wall Street edged lower Thursday after getting pulled in opposite directions as President Donald Trump’s latest tariff escalation creates winners and losers among auto stocks. The S&P 500 slipped 0.3% after drifting between small gains and losses several times through the day.

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Another wipeout slammed Wall Street as worries built about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.