April 21, 2024
NewsTrade War: Dow Futures Drop Nearly 500 Points After China Mulls Skipping Trade Talks with US

Trade War: Dow Futures Drop Nearly 500 Points After China Mulls Skipping Trade Talks with US

A sharp sell-off will start the week off on Wall Street as trade talks with China simmer. On Sunday President Trump tweeted that there may be an increase in tariffs, shortly after that, China indicated that it might skip trade talks.

President Trump tweeted that the current 10% levies on $200 billion worth of Chinese goods will rise to 25% on Friday. He also threatened to impose 25% tariffs on an additional $325 billion of Chinese goods "shortly."

Further, trade talks are set to resu...

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