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Wall Street slides as trade war worries weigh

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, the White House said Wednesday.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."There's trade war talk going on," said Michael O'Rourke, chief ...

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First Published: Thu, March 15 2018. 02:07 IST
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