Shares tumbled globally for a second day (只備英文版)
US stocks followed European and Asian stocks lower Tuesday as the US/China trade dispute escalated and in the process, weighed on shares and commodity prices. Late Monday, President Donald Trump threatened China with a further $200 billion in import tariffs if it did not drop plans to retaliate against US duties on imports that were revealed by the White House at the end of last week. The Dow Jones industrials were down 1.15 percent, the S&P retreated 0.4 percent and the Nasdaq slid 0.3 percent. The Dow is now negative for the year.
Global stocks retreated thanks to worries about a trade war (只備英文版)
US stocks retreated as investors fretted over trade worries. The Dow Jones industrials were down 0.4 percent, the S&P slipped 0.2 percent and the Nasdaq was virtually unchanged. The weakness reflected worries about a global trade war after President Donald Trump announced plans to impose tariffs on $50 billion worth of Chinese goods last Friday, leading China to announce plans to impose tariffs on 545 products imported from the US. Traders worried the new tariffs could negatively affect global economic growth.