Wall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after employment and manufacturing data suggested that the U.S.-China trade war is taking an increasing toll on the U.S. economy. Adding to trade concerns, the United States won approval on Wednesday to levy import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus ( AIR.PA ), threatening to trigger a tit-for-tat transatlantic trade war. All 11 major S&P sector indexes fell, with energy .SPNY and financials .SPSY each down more than 2%. The ADP National Employment Report showed private payrolls growth in August was not as strong as previously estimated, and said “businesses have turned more cautious in their hiring,” with small enterprises becoming “especially hesitant.” That added to fears sparked on Tuesday when a report showed U.S. factory activity contracted to its lowest level in […]