U.S. stocks slid Friday, heading for their worst week of the year after tariffs on $200 billion of Chinese goods rose and President Trump threatened to impose additional levies on almost all China exports to the U.S.
The S&P 500 fell 0.9%, following drops the previous four days. The broad equity gauge is down 3.4% for the week and on pace for its largest weekly decline since Dec. 21 but still up 14% for the year.
An over reaction
CHAPTER 11 USA brought to you by Trump International.
They’ll rebound / it’s time companies aren’t making money off of US govt subsidized tariff agreements.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: