https://wccftech.com/stock-market-plummets-as-china-slaps-new-tariffs-in-response-to-u-s-threat/

U.S. stocks tanked today after China announced its retaliation to the latest round of U.S. tariffs. The S&P 500 and Dow suffered through their worst day of the year so far since Jan 3.

Last week the Trump administration upped tariffs on $200 billion of Chinese goods which is what prompted Beijing’s move to slap tariffs on $60 billion of American goods. Things have been going smoothly the last few weeks, or so at least they had seemed to be going smoothly. Trump has regularly stated that China is amenable to cooperation and we haven’t heard anything “trade war-esque” come out of President Xi’s camp, either.