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OTCRIDER

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Tuesday, 05/07/2019 12:04:25 PM

Tuesday, May 07, 2019 12:04:25 PM

Post# of 39190
On Sunday, President Trump tweeted that he would raise import taxes on $200 billion in Chinese products to 25% from 10% as of Friday. That’s on top of a 25% duty on another $50 billion of Chinese imports. Beijing has imposed penalties on $110 billion of American goods.

Trump’s announcement caused financial markets to plunge early, starting in Asia. The Shanghai Composite index closed 5.6% lower and Hong Kong’s Hang Seng index sank 2.9% on Monday.

https://www.apnews.com/30f039994d094e1287071bcff5627c1d

https://www.nasdaq.com/article/oil-prices-tumble-by-more-than-2-pct-after-trump-announces-new-tariffs-on-chinese-goods-20190505-00034
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