March 22, 2018

NEW YORK (AP) -- The prospect of a full-blown trade war between the world’s two biggest economies rattled investors Thursday, sending stocks to their biggest loss in six weeks.

The Dow Jones industrial average plunged more than 700 points, as President Donald Trump announced plans to slap tariffs on Chinese imports. The Chinese government vowed to defend itself.

Investors worried that if the dispute escalated, China will counterpunch with restrictions of its own, hurting American exports of airplanes, construction equipment and other goods.

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https://wtop.com/asia/2018/03/as-us-gets-tough-with-china-wall-street-gets-weak-kneed/