You are here: Home » International » News » Markets
Business Standard

Wall Street joins selloff as new China tariffs rekindle trade war anxiety

The biggest drags on the blue-chip Dow were Boeing, 3M, Caterpillar and United Technologies

Reuters 

US stocks slid on Wednesday amid a broad selloff on escalating trade war tensions after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods. Washington on Tuesday issued a list of thousands of Chinese imports that the Trump administration wants to target with new tariffs. In response, China accused the United States of bullying and warned it would hit back. "Unfortunately the markets haven't come to grips with the current levels of trade policies and tariffs," said Art Hogan, chief market strategist at B. Riley FBR in ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, July 11 2018. 21:17 IST
RECOMMENDED FOR YOU