Mris Jackie Deangelis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Our reporting begins with stocks making a big comeback after serious shots fired in the trade war between the worlds two biggest economies. The dow was down more than 300 points this morning after chinese trade talks were not going well. Then, well, the markets seem to have factored it in and stocks turned around. Now were in the positive for the day. But the trade war continues. Heres what has happened so far. The Trump Administration add midnight last night hiked tariffs on more than 200 billion of chinese products. Up from 10 to 25 . Remember, a tariff is essentially a tax. The importer pays the tax and can pass it on to the buyer in america or absorb it. Of course, eventually we all pay in higher prices. In this trade war, both sides have shots to fire. Next is chinas move. The question is, will china answer or escalate . China could go light and raise tariffs on Ame ....

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