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Reuters |
Trump introduced additional 34% tariffs on Chinese goods as part of steep levies imposed on most U.S. trade partners, bringing the total duties on China this year to 54%.
Wall Street Journal |
The trade war between the world’s two largest economies reached new terrain on Friday when China said it would impose blanket tariffs on all U.S. goods, striking back decisively at President Trump’s “...
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Overseas markets also slid Friday. In overnight trading in Asia, Tokyo's Nikkei 225 lost 2.8%, while South Korea's Kospi sank 0.9%. Markets in Shanghai, Taiwan, Hong Kong and Indonesia were closed for holidays, limiting the scope of Friday's sell-offs in Asia.
US stocks extends losses at midday after China retaliates and Fed chair says wait and see. Dow sheds 1,600 points and Nasdaq toes bear market.
23h
Tampa Free Press on MSNEconomist Steve Moore Blames China For Market Turmoil, Calls Retaliatory Tariffs An ‘Economic Declaration Of War’Economist Steve Moore blamed China for Friday’s steep market losses, calling Beijing the “real villain” behind the sell-off and accusing it of launching what he described as an “economic declaration of war” against the United States.
I’m still not over the penguin tariff jokes on social media. Like this. And this. And this. Oh, and this. OK, fine. I’ll get to the news now. In today’s issue: China retaliates
Asian equities rebounded on light volumes following yesterday’s steep sell-off. One media outlet called yesterday “Black Monday” after the US’ 1929 market crash. Meanwhile, Taiwan and South Korea were both up nearly +3%,