Trump Signs Tariff against China, Dow Plummets 550 Points
U.S. stocks fell sharply on Thursday, pressured by worries of a potential trade war and a decline in tech shares. The broader market was also pressured by a decline in bank stocks.
The Dow Jones industrial average dropped 555 points, with Caterpillar, 3M and Boeing as the biggest decliners. The S&P 500 fell 1.9 percent, with tech, health care and financials all falling. The Nasdaq composite pulled back 1.7 percent.
Earlier, the Trump administration unveiled tariffs designed to punish China for intellectual property theft, imposing about $60 billion in retaliatory charges.
Read more: https://www.cnbc.com/2018/03/22/us-stock-futures-dow-data-fed-and-politics-on-the-agenda.html
The idiot has started a classic collapse of a bull market and wiped out the "FANTASTIC" gains of 2018.
He is alienating the Wall Street backing that despised him but supported him because of the tax give away. If this continues it will wipe out their profits and make the tax break pointless, while at the same time bankrupting the federal government.
All of this in order to detract from Sunday's interview with Stormy Daniels.
I expect to see Rod Sterling to show up any minute now.