US stocks closed lower as investors monitored the latest development of trade issues between the United States and its major trading partners.
On Tuesday, the Dow Jones Industrial Average decreased 280. 23 points, or 1. 01 per cent, to 27, 502. 81.
The S&P 500 fell 20. 67 points, or 0. 66 per cent, to 3, 093. 20.
The Nasdaq Composite Index was down 47. 34 points, or 0. 55 per cent, to 8, 520. 64, Xinhua news agency reported.
Most of the 30 Dow components traded in red territory, with Intel and Dow declining 2. 76 per cent and 2. 52 per cent, respectively, leading the laggards.
Nine of the 11 primary S&P 500 sectors traded on a downbeat note, with the energy sector losing 1. 55 per cent, the biggest loser.
US President Donald Trump announced on Monday that he will "restore" tariffs on steel and aluminum imported from Brazil and Argentina, drawing wide concern domestically and abroad.
Calling the move "unexpected, " Argentine Minister of Production and Labor Dante Sica said "we still don't know what this implies.