China May Specifically Punish Republican Senators In Trade War
The stock market is looking at a 500-point drop this morning over China retaliating against Trump's tariffs. CNBC reports:
Stocks fell sharply on Monday, giving back the gains from a strong turnaround in the previous session, after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.
The Dow Jones Industrial Average traded down 611 points, while a 3.4% drop in the tech sector pushed the S&P 500 down by 3.4%. The Nasdaq Compositedropped 3.2%.