Computers. U. S. President donald trump a sarette shooting up the trade war with china and not just a notch still he tweeted on september 1st the u. S. Will put an additional tariff of 10 percent on the remaining 300000000000 dollars of goods and products coming from china the u. S. Has already slipped tariffs on 250000000000. 00 worth of chinese imports from september 1st the total will be 550000000000. 00 so far china has retaliated with duties on 110000000000. 00 worth of american goods. President trump also criticized china for not honoring promises to buy more u. S. Agricultural products china however insists millions of tons of american soybeans have been shipped to china in the last. 2 weeks and Many Companies have made autos of american cotton and pocket the trade war between the worlds 2 largest economies has strict on for more than a year and the house now talks and china earlier this week ended without any progress the white house said the negotiations would continue next mo
300 points, essentially gaining back what was lost yesterd wh the fed cut Interest Rates and then hinted that there might not be any re. But everything changed at midday when President Trump tweeted that he plann to impose another 10 in tariffs 300 billion of chinese goods, and the Market Reaction was immediate and sizable. The industry avera fell 280 points, 26,583. The nasdaq was down 64. The s p slipped by 26. Companies most vulnerable to higher tariffs were especially hit hard, incding caterpillar, boeing and apple. Eamon javers starts us out tonight from the whitehous reporter President Trump spoke to reporters at the white house today after issuing that sees of tweets suggesting hes going to be raising tariffs on chinese products coming united states. He said he wasnt concerned at all about that stock markete selloffw this afternoon in the wake of his announcement. He said he expected that, and effectively h effectively here he blames the f stock marke not fully understanding wha
Would take a heavy toll on retailers and Popular Consumer Electronics Like cell phones and computers. The u. S. President on a trump a cigarette shooting up the trade war with china and not just a notch still he tweeted on september 1st the u. S. Will put an additional tariff of 10 percent on the remaining 3 100000000000. 00 of goods and products coming from china and the u. S. Has already slipped tariffs on 250000000000. 00 worth of chinese imports from september 1st the total will be 550000000000. 00 so far china has retaliated with duties on 110000000000. 00 worth of american goods. President trump also criticized china for not honoring promises to buy more u. S. Agricultural products china however insists. Millions of tonnes of american soybeans have been shipped to china in the last 2 weeks and Many Companies have made autos of american cotton and pork the trade war between the worlds 2 largest economies has strict on for more than a year now health now talks and china earlier thi
Berlin good to have you with us on the week is ending just like it began with the u. S. China trade war now the Chinese Foreign minister wang he has criticized us present on its trans proposed tariff hike saying imposing tariffs is definitely not the right way to resolve the trade friction or trump said he would impose an additional 10 percent tariff on 300000000000 dollars worth of chinese imports starting on the 1st of september making a protracted strange war between the worlds 2 largest economies ever more likely. U. S. President donald trump is ratcheting up the trade war with china and not just enough his latest move was announced in a tweet. He said on september the 1st the u. S. Will put an additional tariff of 10 percent on the remaining 300000000000. 00 of goods and products coming from china the u. S. Has already impose tariffs on 250 1000000000. 00 in chinese imports from next month the total will be 550000000000. 00 worth of imports so far china has retaliated with duties
Th dollar in more than a decade. Most european markets were down 2 . Hong kong was dow 3 and then it was time for wall street to get to work, and it wasnt pretty. When you have names like apple down 5 , boeing down 2. 5 you know youre going to be in for a rough time, andxa thatsly what happened today. Here are the final numbers with the dow down 767 points just about 3 . It had been down nearly 1,000 at one time. The nasdaq was hit the hardest off 278. About 3. 5 s and the dropped by 87. It was the worst day of the year for all three major indexes. Now numbers like this can be concerning f investors, especially when its driven by complex things like currencies, and tonight were going to try to put everything in perspective on what this a means for you and your money. And we start with two reports. Eunice eun will tell us what happen but first bob pisani wkicks offith a recap. The markets were in turmoil today. The dow plunging more than 900 points at its lowest tends to bubble over but