Surprise threat from Trump to raise tariffs sinks stocks

Surprise threat from Trump to raise tariffs sinks stocks

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/d06990e31c644a88a780e835bcfa32e5

Stocks fell broadly on Wall Street in afternoon trading Monday after President Donald Trump threatened to escalate the trade war between the U.S. and China.

Investors have been expecting the world's two largest economies to resolve their damaging trade dispute, with the two sides set to meet this week in Washington. Hopes for an accord have contributed to the big run-up in stock prices in the U.S. and China so far this year. The S&P 500 and Nasdaq hit all-time highs last week.