Dow drops more than 700 points after Trump announces Chinese tariffs

Investors fear retaliation from the Chinese due to Trump’s new tariffs and the stock market plummeted to prove it.

After Trump announced $50 billion in tariffs on Chinese exports the US stock market took a hit dropping more than 744…

These new tariffs are the first that directly target China. Trump has accused the nation of diverting labor and hurting U.S. manufacturing. However, China isn’t bending over and has vowed to take “all necessary measures.”