The Dow Jones Industrial Average DJIA, +0.49% and SP 500 SPX, +0.32% fell before reversing their losses, after the U.S. government said it is increasing tariffs on about $200 billion of Chinese goods to 25% from 10%. Adding to the gloom was the news that Iran may cease compliance with parts of a 2015 nuclear deal signed with the U.S., Britain, France, Germany, China and Russia. Chinese exports unexpectedly fell 2.7% in April, creating further concerns about the state of the global economy.
In news on cannabis regulation, a congressional committee has canceled planned votes on two bills relating to medical cannabis for army veterans and will hold a later hearing instead, as reported by website Marijuana Moment.
One of the bills proposed
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