The announcement came after National Economic Council Director Larry Kudlow told CNBC’s Becky Quick that Trump has “not been satisfied” with the trade talks with Beijing.
The Wall Street Journal reported earlier that Trump was set to move ahead with tariffs on $200 billion in Chinese goods. The report followed other news outlets saying that U.S. officials were trying to restart U.S.-China trade talks.
Fears of escalating trade tensions between the U.S. and China have knocked equities off of record highs set last month. The S&P 500 and Nasdaq Composite set all-time highs to end August. This month, however, both indexes are down 0.4 percent and 2.6 percent, respectively, through Monday’s close.
The major indexes all closed lower on Monday, with the Dow falling nearly 100 points. The S&P 500 and the Nasdaq pulled back 0.6 percent and 1.4 percent, respectively.
from News Viral View https://ift.tt/2xrtihH
via IFTTT
0 comments:
Post a Comment