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Trump China Tweetstorm Sends Dow Lower; Apple Slides on Trade Reprisal Concerns
U.S. stocks extended declines Friday after President Donald Trump unleashed a torrent of comment on social media that suggested there was "no rush" to reach a trade agreement with China just after after he opted to increased tariffs on $200 billion worth imports in the latest escalation of the ongoing trade war. Trump again intimated -- incorrectly -- that China would pay the cost of the tariff increases, which rose to 25% from 10% at midnight last night on around 5,700 different goods, and repeated his threat to apply levies to a further $325 billion of Chinese imports. Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind.
https://finance.yahoo.com/m/56e303e...8/trump-china-tweetstorm-sends.html?.tsrc=rss
U.S. stocks extended declines Friday after President Donald Trump unleashed a torrent of comment on social media that suggested there was "no rush" to reach a trade agreement with China just after after he opted to increased tariffs on $200 billion worth imports in the latest escalation of the ongoing trade war. Trump again intimated -- incorrectly -- that China would pay the cost of the tariff increases, which rose to 25% from 10% at midnight last night on around 5,700 different goods, and repeated his threat to apply levies to a further $325 billion of Chinese imports. Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind.
https://finance.yahoo.com/m/56e303e...8/trump-china-tweetstorm-sends.html?.tsrc=rss
