Stocks Plummet After Trump Vows Retaliation: China's Latest Tariffs

Video Credit: Wochit
Published on August 23, 2019 - Duration: 00:34s

Stocks Plummet After Trump Vows Retaliation: China's Latest Tariffs

Stocks spiraled downward on Friday after President Trump tweeted the US would retaliate against China's latest round tariffs.

Markets began the day lower after China announced it planned to impose tariffs on $75 billion worth of US products before the open.

Those losses were pared prior to Trump's comments, after Federal Reserve Chairman Jerome Powell didn't rule out further rate cuts this year during his speech at the central bank's annual symposium.

Stocks tumbled on Friday after President Trump unleashed a flurry of tweets threatening to amplify the trade war in response to China's latest round of tariffs.


You are here

Related news from verified sources

Washington DC [USA], Aug 23 (ANI): Re-escalating trade tensions, United States President Donald Trump on Friday pledged to retaliate against the latest round of...
on August 23, 2019 • Sify

China's threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover...
on August 15, 2019 • Reuters India

China's threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover...
on August 15, 2019 • Reuters India

Related videos from verified sources

Coupa, Zoom, Palo Alto, and More - Earnings to Watch 00:29
Video credit: The Street - Published on August 30, 2019 

The Fed, the Trade War and Stocks -- Not Much Juice Left in the Tank in 2019? 03:08
Video credit: The Street - Published on August 30, 2019 

Soothing talk on trade lifts global stocks 01:27
Video credit: Reuters Studio - Published on August 30, 2019 

You might like