Headline Roundup March 23, 2018
Dow Falls After Trump Imposes Tariffs on China
Summary from the AllSides News Team
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The Washington Post
Markets plunged Thursday amid fears President Trump’s new tariffs would start a global trade war, with the Dow Jones industrial average closing 724 points down as the Nasdaq Composite and the Standard & Poor’s 500 index also nose-dived.
U.S. stocks slumped on Thursday as President Donald Trump’s move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy
President Donald Trump made punishing China for trade misdeeds official U.S. policy on Thursday, imposing tariffs of 25% on up to $60 billion of imports, with a focus on high-tech goods. While not as hostile as the $60 billion worth of tariffs floated in recent days, the move signals the beginning of a fractious era for China-U.S. economic relations as the two countries vie for technological supremacy.
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