US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union.

US stocks slid, with the S&P 500 joining Nasdaq in a correction as Trump threatens 200% tax on European liquor if EU's tax on US whiskey stays.

U.S. stock indexes fell on Thursday following President Donald Trump's threat to impose additional tariffs on imports from the European Union, although data showing cooling inflation offered some respite.