Trump's Trade Tariff Threat Tweet Torches Totals

Credit: Wochit Business
Published on May 6, 2019 - Duration: 00:40s

Trump's Trade Tariff Threat Tweet Torches Totals

Asian markets were a sea of red as Donald Trump's trade war threat with China panicked investors.

Futures on major US indexes dropped 1.8% on the news, tumbling with shares in Asia and Europe.

London Capital Group, a market analyst firm, said in an email to clients that Trump's threat took the markets by surprise and sent investors "into a risk off frenzy." Visit Business Insider's homepage for more stories.

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Trump's Trade Tariff Threat Tweet Torches Totals

POOL PHOTO FILE PHOTO TAKEN WEDNESDAY, MAY 1, 2019, CHINA OUT JULY 6, 2018, FILE PHOTO MONDAY, JAN.

7, 2019, FILE PHOTO

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