Wall Street rout worsens as China hits back on trade

- U.S. stock markets fell more than 2% on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth.

The selloff that began with stocks surfing at an all-time high on May 1 has now knocked almost 5 percent off the S&P 500 in less than two weeks. “The selloff is a reflection that trade talks are in worse shape than people were expecting,” said Willie Delwiche, investment strategist at Baird in Milwaukee.“Investors are trying to figure out how much of the rally that we had this year was perhaps celebrating prematurely hopes of a trade deal.”

Trump sure seems to be quite the economist and business man.

If you liked tariffs on $250B worth of goods, you're gonna love them on $500B....

The Left 'Only the wealthy can afford to invest in the stock market. Wall st is not Main st.' The Left Today 'OMG Trump is destroying the stock market, everyone panic.'

China will do nothing.

Does anybody else think Trump just made 2.5% on shorting some stock today?

Time to DumpBoeing

War is hell.

Still not close to the 7+% of 2008

Big win again?

When the market inevitably rebounds let’s thank Obama

As Wall Street is hit hard by tariff war escalation, read analyst views:

realDonaldTrump, thank you for an unnecessary trade war which we can not possibly win since we are borrowing money from those we are bickering with. Middle and lower classes are happy for you to steal more of our tax dollars 💵 MAGA ..oh, wait no!! impeach this loser!!!

Blame realDonaldTrump

In related news, realDonaldTrump briefly seems plausible.

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