What's moving markets today: Live updates - CNN

Almost a year into the trade war with China, there is a growing realization that Trump's tariff regime might not be temporary.

Major global stock indices fell overnight and that sinking feeling is spreading to the United States this morning.

Over the past year, the White House has imposed tariffs on foreign steel and aluminum, on $50 billion in high-tech goods from China, on another $200 billion in commodities and manufacturing components from China, and has now begun the process of putting import taxes on everything else the US buys from there.

The president dismisses these concerns, admonishing American companies to manufacture in the United States if they want to avoid tariffs.

Further, the president's advisers say, the US economy is strong enough to absorb any hit.

In the meantime, there is collateral damage for farmers and global supply chains scrambling to adjust to tariffs and counter-tariffs.

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https://www.cnn.com/business/live-news/stock-market-news-today-052319/index.html

2019-05-23 13:32:00Z
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