The selling comes following news that President Donald Trump approved tariffs on about $50 billion of Chinese goods, as the U.S. ratchets up its trade fight with Beijing.
Investors are growing increasingly concerned that the intensifying trade conflict with China will hurt that nation’s economy and slow global growth.
President Donald Trump announced that the United States will implement a 25 percent tariff on $50 billion of goods from China and Beijing quickly said it would hit back with its own tariffs.
President Donald Trump announced that the United States will implement a 25 percent tariff on $50 billion of goods from China and Beijing quickly said it would hit back with its own tariffs.
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