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    1. SparseSpartan on

      Following president Trump’s decision to impose an additional 34% tariff on all Chinese goods imported into the US, China has now placed a 34% tariff on American goods. The sharp escalation has sent S&P and DJIA (edit: futures) into a free fall. Even before China’s announcement, stock markets across the globe were hammered.

    2. curtainedcurtail on

      The market reaction to this China news isn’t as much about the retaliatory tariffs as much as it is about China signalling to other scared parties that they can go ahead and impose tariffs too. Some are probably scared (EU) and don’t want to do it just yet. China is opening the flood gates.

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