Dow ends the day down 618 points after dramatic day of losses

Dow ends the day down 618 points after dramatic day of losses

China has already raised duties on $110 billion of American imports in retaliation for earlier tariff hikes by the Trump administration.

Due to the lopsided trade balance — China imports only $130 billion in American goods, compared to the $500 billion in Chinese goods that the U.S. imports — regulators have targeted operations of American companies in China by slowing customs clearance for their goods and stepping up regulatory scrutiny that can hamper operations.

The decline in trade relations has left businesses, investors and policymakers across the world concerned about the negative impacts on an already slowing global economy.

via NBC Dow ends the day down 618 points after dramatic day of losses

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