Dow opens down 450 points after Trump threatens China tariffs

Stock market.
(Image credit: Johannes Eisele / Getty Images)

When President Trump threatened tariffs against China on Sunday, Dow Jones Industrial Average futures promptly dropped 500 points. And, as expected, the Dow opened down 450 points on Monday.

Trump issued the warning in a Sunday tweet, saying that a 10 percent tariff China was paying on "$200 billion of other goods" would be raised to "25 percent on Friday." Other goods currently going untaxed would also see a 25 percent charge, Trump said, questionably suggesting that these new tariffs would continue America's "great economic results."

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.