Trade war fears are back, and they're back with a vengeance.
Stocks are bracing for a dramatic finish this week, after President Donald Trump announced new tariffs on Chinese imports yesterday.
Starting September 1, $300 billion worth of goods from China, including toys and iPhones, will be hit with a 10% tariff. That's on top of the existing 25% tariff on $250 billion worth of imports.
US stock futures and global markets are flashing red in response. Futures of the Dow (INDU) are down 0.3%, while those for the S&P 500 (SPX) and the Nasdaq Composite (COMP) are down 0.4% and 0.8%, respectively.
https://www.cnn.com/business/live-news/tariffs-on-china-reaction/index.html
2019-08-02 13:49:00Z
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