US stocks fell on Friday as investors reacted to the possible threat of more tariffs while digesting a jump in consumer expectations for inflation, and the monthly jobs report. The markets took a leg lower after a report from Reuters said President Trump told Republican lawmakers that he plans to announce reciprocal tariffs on American imports as early as Friday.

U.S. stocks are falling Friday after a discouraging report suggested U.S. consumers are bracing for much higher inflation, while a separate update gave a mixed picture of the U.S. job market.