Dow plunges nearly 600 points as investors fear escalating trade war threatens economy

By Thomas Heath Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area Email Bio Follow May 13 at 10:24 AM U.S. markets plunged Monday as China said it would raise steep tariffs on $60 billion in U.S. goods, raising the stakes of a trade war that threatens to imperil the global economy.

“Today’s tit-for-tat in U.S./China trade tariffs has exacerbated tumbling futures out of fear that tensions could trigger a global recession,” said Sam Stovall, chief investment strategist at CFRA Research.The drama began last week after President Trump last week imposed a 25 percent tariff on $200 billion of Chinese imports to the United States. He also told aides to begin plans to hit more than $300 billion in other Chinese goods.

The tankers were subjected to an “act of sabotage” early Sunday morning in waters off the coast of the United Arab Emirates, according to a statement by the Saudi Minister for Energy, Industry and Mineral Resources, Khalid Al-Falih carried by the official Saudi news agency. “Stock investors are in risk-off mode this morning as Trump’s trade war with China seems to be escalating while negotiations seem to be breaking down,” said Ed Yardeni, president of Yardeni Research. “Adding to the geopolitical tumult is mounting tension in the Middle East following the sabotaging of Saudi oil tankers over the weekend.”

And threatens global security.

GOP, killing [it on] the economy.

Take breath! As my mother said: “Patience is a virtue”. Rushing through wout reading the fine print, merely 2 appease donors got us here in the 1st place, along w the do nothing Congress & prior leaderships. We R finally correcting laziness to get things done rather than politics

Thanks to trump's trade war, my retirement fund is losing thousands. Is he going to give me a subsidy like he's done for the farmers to make up for losses realDonaldTrump

So much winning, my head is spinning! 🤔

Trade wars: So easy to win.

Republicans should not be allowed anywhere near international trade negotiations. They are simple, greedy businessmen and women who don’t understand how markets work.

Trade wars are good and easy to win.

This is what economists have been fearing ever since Trump made his first announcement about tariffs. 😕

THIS is what happens when you elect a 5 year-old as President.

. DuhnaldTrump PUTINtrump2020 MAGA=ManipulatingAmericasGullibleAspirants GOP=GuzzlingOrangePiss .

realDonaldTrump America First? If there is no second, there is no first...

And it's all by choice. Insanity.

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Dow falls 500 points as stocks retreat for second day on U.S.-China tariff worriesStocks lose ground on simmering trade tensions, with U.S. officials confirming that China tariffs would be raised by the end of the week. First market related tweet since 2018 “Trade wars are good and easy to win” lol
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All 30 Dow stocks fall, led by Apple, Boeing and CaterpillarShares of all 30 Dow Jones Industrial Average members were falling in premarket trade Monday, as the U.S.-China trade war intensifies, triggering a broad... i guess what's considered great for america is bad for the market, hmmmmmmmmm This is how the TrumpCrimeFamily really go for the kill to line their pockets. They bet the StockMarket and realDonaldTrump moves the market to benefit him/them. It’s the only thing he’s successful at, other than the ruin of America. markets artofthesteal
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Trump's trade fight with China sends Dow plunging 350 pointsStocks slid on Monday in early trading after President Donald Trump threatened over Twitter to hike tariffs on Chinese imports. And when they are doing good do you report on that. And also the lowest unemployment rate. Please dump trump from twitter, he is a large lump.
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