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Dow slides 250 points as trade war worries weigh on industrial stocks

The uncertainty over the latest news was weighing on stocks

Reuters 

The Dow Jones Industrial Average fell more than 250 points, or 1 percent, on Wednesday as industrial stocks tumbled over growing fears of a trade war with China after President Donald Trump sought to impose fresh tariffs. Trump is looking to levy tariffs on up to $60 billion of Chinese imports, targeting the technology, telecom and apparel sectors, sources told Reuters on Tuesday. The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, the White House said Wednesday. The S&P industrial stocks were again the worst hit, ...

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First Published: Wed, March 14 2018. 23:30 IST
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