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Stock Markets In Turmoil Amid Uncertainty Over U.S.-China Trade Talks


Added 05-07-19 03:06:02pm EST - “The Dow Jones Industrial Average and other major stock indexes plunged Tuesday after Trump administration officials accused Beijing of reneging on commitments it had already made in the talks.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Stock Markets In Turmoil Amid Uncertainty Over U.S.-China Trade Talks”. Below is an excerpt from the article.

Traders work on the floor at the New York Stock Exchange on Tuesday, when major stock indexes plunged after U.S. officials accused China of reneging on commitments in trade negotiations. Brendan McDermid/Reuters hide caption

Traders work on the floor at the New York Stock Exchange on Tuesday, when major stock indexes plunged after U.S. officials accused China of reneging on commitments in trade negotiations.

The Dow Jones Industrial Average plunged nearly 600 points Tuesday after Trump administration officials accused Beijing of reneging on commitments it had already made in trade talks. The blue chip index was down 2.2% in afternoon trading.

Other indexes also fell, with the S&P 500 down more than 2% and the Nasdaq composite down more than 2.5%.

The Trump administration has threatened to raise tariffs on $200 billion in imports from China to 25% from 10%, starting on Friday.

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