US stocks erased big gains on Thursday after President Trump announced a fresh round of tariffs on Chinese exports. The president wrote in a tweet that the US will impose an additional 10% tariff on $300 billion worth of Chinese goods. The benchmark S&P 500 was up as much as 1.1% before Trump's tweet caused a sharp sell-off, pushing the index down more than 1% at intraday lows. Visit the Markets Insider for more stories.
US stocks erased big gains on Thursday after President Trump announced a fresh round of tariffs on Chinese exports. The president wrote in a tweet that the US will impose an additional 10% tariff on $300 billion worth of Chinese goods. The benchmark S&P 500 was up as much as 1.1% before Trump's tweet caused a sharp sell-off, pushing the index down more than 1% at intraday lows. Visit the Markets Insider for more stories.
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Stocks fall sharply, giving up early gains, after Trump imposes fresh tariffs on ChinaStocks fell sharply early afternoon Thursday after President Donald Trump said the U.S. would impose an additional 10% tariff on Chinese imports to the U.S.,... 'It is my way or the highway' from Trump is going to severely hurt the economy.
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Trump threatens 10% tariffs on China; stocks plummet on newsAmid slow-moving talks, President Trump says the U.S. will apply a tariff of 10 percent on about $300 billion worth of products from China on Sept. 1. (Replaces deleted tweet to add dropped “billion.“) What's it called when you keep doing the same thing hoping for a different result? Oh so now it's $300 billion. A few minutes ago it was just $300. Inflation? Hilarious that he believes his bullying bluffs are an actual tactic.
Source: AP - 🏆 728. / 51 Read more »
Asian stocks down as US-China trade talks get under wayExpectations for progress during the two-day meeting are low, so officials and businesses are hoping Washington and Beijing can at least detail commitments for 'goodwill' gestures and clear the path for future negotiations.
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