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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