Escalating US-China trade war sends stocks plunging

FILE - In this May 9, 2019, file photo trader Jonathan Corpina works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, May 13.

The world’s largest economies had seemed on track to resolve the ongoing trade dispute that has raised prices for consumers and pinched corporate profit margins. Investor confidence that the two sides were close to a resolution had helped push the market to its best yearly start in decades. The broader S&P 500 index fell 2.1%. The benchmark index is coming off its worst week since January, though it’s still up sharply for the year. The Nasdaq, which is heavily weighted with technology stocks, slid 2.9%, on track for its biggest daily loss of the year.

Trade talks between the U.S. and China concluded Friday with no agreement and with the U.S. increasing import tariffs on $200 billion of Chinese goods to 25% from 10%. Officials also said they were preparing to expand tariffs to cover another $300 billion of goods.

freespeechtv Trump using political power to affect stock market so that values drop, allowing his big CEO donors to buy lion shares, then he will ease tariffs to allow values to sky rocket, and then wait for his share of their profits to roll into his myriad of shell companies

LaurenBlanch12

BUY BUY BUY BUY

It might look like a piggy back ride but we all know they’re just fucking.

Now now No time to panicky trade war are easy to win

Stupid people would complain that the market is crap. Smart people know when to buy low/selll high.

So tired of all the winning.

Hurting the false global economy worse than USA. 700club cbngordon randpaul realDonaldTrump kennedynation foxnews sandrasmithfox marklevinshow rushlimbaugh danarohrabacher jaysekulow judgenap tedcruz dbongino

Stay tuned as next week it soars... Declas will push it to new records while the UK, Australia, NZ and... will see there retirement funds lose over half its value in less than 3 months. GOP FoxFriendsFirst cnn NBCPolitics

So tomorrow realDonaldTrump will say a deal is imminent and the market will be up 800 points. Seen this flick before

nvm that the markets are still higher than they ever were under obama

Wrong market, they should be in crypto

Owning the libs though, amiright 👍👍👍

Is Trump aware that China owns our debt? Imagine if they decide to start dumping treasuries!

If tariffs don't work like CNN says why do so many countries use them against the USA?

Good Donnie keep up the idiocy. I never like betting on failure but I would with Mr Trump

realDonaldTrump GOP FoxNews TRUTH!

Good time for investors to buy stocks! There will be a few good buys out there!

thanks, comrade trump.

Nice work Trump!

All China. They cheat and steal. They do not want to stop.

With trump at the HELM penny stocks will soon NOT BE WORTH A PENNY.😄😄😄.

OrangeIgnoranus FartOfTheDeal

It's strange market participants actually believe Trump when he says a deal is close to finalization. Even Charlie Brown would have stopped trying to kick that ball by now. Not exactly the best and brightest on Wall Street.

JonLemire how can people still not see that the gop is just a nazi wrecking crew hellbent on destroying the us oh that’s right the nazism

Yes sir love all that “winning “ took a 5k hit today in the market. All this winning will leave me broke by year end!

Thanks for all this winning.

Obama saved the US economy and Trump aims to destroy it.

Buy Bitcoin

So much winning.

how does trump profit form falling nasdaq? i bet he uses his politics for inside trading..... look at the investments of his company.

GotBitcoin ?

That might all be true but you know what? No collusion no collusion and no obstruction. Well maybe.

Donald Trump just raised taxes on the average American. Period. And the Republicans in Congress have done nothing to stop this tax increase. Period. When are they going to fix this? Why aren’t they baying at the moon about this tax increase?

Trade wars are good and easy to win... Or when you run the country like a trump business

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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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Dow, stocks end slightly down after an earlier jolt from Trump's trade threat to ChinaStocks closed lower Monday, paring earlier losses after President Donald Trump threatened over Twitter to hike tariffs on Chinese imports. This is why no one trust you. FakeNews What kind of headline is this Trump did not escalate the trade tensions. The Chinese did that. The Dow was down 66 points today - 1/4 of one percent. The USA Tiday article is another FAKE NEWS LIBERAL attempt to blame President Trump - FAIL.......
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