After a week of modest gains, major stock indexes plummeted on Friday as China retaliated against U.S. tariffs by imposing $75 billion worth of tariffs on U.S. goods coming into the country. China’s foreign ministry said that it would resume tariffs on U.S. imports of automobiles and auto parts and place an additional 5% or 10% tariff on agricultural and food products like soybeans, coffee, whiskey and seafood. The trouble was exacerbated by statements on President Donald Trump’s Twitter account, which called for the U.S.
Chinese Tariff Retaliation, Presidential Tweets And Market Unease Sends Exchanges Plummeting
Jonathan Shieber, TechCrunch
Fri, 08/23/2019 - 2:40pm
Topics: china s president donald trump s twitter our intellectual property our country trillions donald j trump realdonaldtrump august dow jones industrial average s&p index nasdaq u.s earlier china u.s the the intellectual property hundreds billions dollars tariff market points rate year day fell expected week
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