Dow tumbles more than 590 points after China retaliates with higher tariffs
Posted on AllSides May 13th, 2019
From The Left
The Dow plunged Monday after China said it will raise tariffs in retaliation to last week's tariff increase by the United States.
China hiked tariffs on $60 billion of imports from the United States. It first imposed the tariffs last year.
Worries over the escalation of the trade spat with China just aren't going away.
US stocks opened sharply lower. The S&P 500 (SPX) fell 2% and the Nasdaq (COMP) dropped 2.7%. The Dow was more than 590 points lower.
Last week, tensions escalated between Washington and Beijing, starting with...