Word that more China tariffs could come knock stocks lower
Share
Tweet
August 31, 2018
NEW YORK (AP) — U.S. stocks skidded late Thursday following a report that the Trump administration could put tariffs on $200 billion in Chinese goods as early as next week.
After a weak start, stocks fell further after Bloomberg News said the U.S. government was getting ready to ramp up its trade dispute with China. It has been threatening to tax $200 billion in Chinese imports for several months, which would represent a major escalation in the trade fight.
Major exporters including chemical companies and machinery makers took sharp losses. Technology companies also fell, while banks dropped a...
For access to this article please
sign in or
subscribe.
Reader Comments(0)