You are here: Home » Reuters » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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