Allies retaliate against US as global trade war escalates

Yahoo Finance’s Melody Hahm, Rick Newman, Jared Blikre and Julia La Roche discuss today’s big stories

Some of today’s topics include:

  • Futures lower as Trump gets tough on EU over trade
  • Trump believes auto tariffs will help him with EU trade deal
  • Canada hits US with $12.5B of retaliatory tariffs
  • Trump may drop World Trade Organization rules: Axios
  • Mexico chooses populist Lopez Obrador as next president
  • Trump delaying new NAFTA deal until after midterms
  • Nordstrom downgraded to ‘market perform’: Cowen
  • Novartis signs deal to sell EpiPen competitor in US
  • Netflix buying billboards in LA: Reuters
  • Dell to publicly trade again after tracking stock buyout
  • Facebook admits to sharing data after supposed 2015 end date
  • Tesla reaches Model 3 production goal
  • LeBron James signs $154M deal with Lakers