US stocks fell Friday and the S&P 500 slipped from a record high after President Trump slapped Canada with a 35% tariff and threatened higher levies on most other nations. The S&P 500 plunged 0.4% to 6,253.10 after reaching a new record Thursday of 6,280.46.

The Trump administration is issuing sanctions against Francesca Albanese, an investigator tasked with probing human rights abuses in the Palestinian territories.

If implemented, Trump's new 35 percent duties will be "separate from all Sectoral Tariffs," such as the 50 percent tariff on steel and aluminum imports. Trump also promised that, if Canada raises its own tariffs in response, then "whatever number [Canada chooses] to raise them by, will be added onto the 35% that [the U.S. charges]."

The latest data from U.S. Customs and Border Protection (CBP) shows an uptick in the amount of fentanyl seized near the American northern border with Canada — but the quantities intercepted remain a tiny fraction of what's coming from Mexico.