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Dow closes down more than 600 points after Trump orders U.S. companies to leave China

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Dow ends down over 600 points as Trump escalates trade war rhetoric

U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China." The Dow Jones Industrial Average DJIA, -2.37% fell 614 points, or 2.6% to 25,633, the S&P 500 index SPX, -2.59% lost about 75 points, or2.6% to 2,848 and the Nasdaq Composite COMP, -3.00% lost 240 points, or 3% to close around 7,751.

Trump's tweets were in apparent response to China announcing new tariffs of 5% and 10% on $75 billion in U.S. imports in retaliation for the Trump Administration plans to institute a new round of tariffs on $300 billion in Chinese imports, starting Sept. 1. Meanwhile, Federal Reserve Chairman Jay Powell gave a speech at the Fed's annual symposium in Jackson Hole, Wyo. in which he said "the U.S.

 

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Bullsh!t reasoning. Devaluation of the dollar.

I’m not sure China takes that rhetoric to be limited to a trade war.

Trump says China' jump' but they won't ,they have more stamina that Trump ever dream of.When it comes to stamina Trump is clueless .

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Trump presses U.S. companies to close China operationsPresident Donald Trump said on Friday he was ordering U.S. companies to look at ... wow his days are so numbered So Americans really prepared to pay huge prices for the stuff that is made in China. Don’t think so Advantage India if it's enforced
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Trump presses U.S. companies to close China operationsPresident Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted. Trump cannot legally compel U.S. companies to abandon China Someone should let him know he’s not a dictator. Does that include himself? What about our defense contractors Can they stop importing highly sensitive tech Equiptment from China
Källa: YahooNews - 🏆 380. / 59 Läs mer »