Trump threatens 100% tariff on Chinese goods
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The remarks sent stocks tumbling on Friday, with the Dow down 550 points, or 1.2%. The S&P 500 fell 1.5% and the Nasdaq Composite fell 2.1%. Trump’s latest threat stems from accusations that China is imposing export controls on rare earths, which would hinder a previous agreement to liberalize access to them for US businesses.
1don MSN
Markets tumble as Trump escalates trade war with 100% tariff on China ‘over and above’ current rates
President Donald Trump has sent the market tumbling while escalating his trade war with China and threatening a 100 percent tariff “over and above” current rates for Beijing. The S&P 500 dropped 2.71 percent,
Donald Trump announced a 100% tariff on Chinese imports as Beijing tightened rare-earth export controls, reigniting U.S.-China trade tensions.
President Donald Trump has threatened to pull out of an expected meeting with President Xi Jinping of China after Beijing tightened its rules for exports of rare earths.In a
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