Wall Street Worsens As China Hits Back With Tariffs

Credit: Wochit Business
Published on May 13, 2019 - Duration: 00:41s

Wall Street Worsens As China Hits Back With Tariffs

According to Reuters, U.S. stock markets fell more than 2% on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth.

At the heart of the selloff were shares in major technology companies including Apple Inc as well as chipmakers, manufacturers and retailers that draw large chunks of their revenue from China.

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Wall Street Worsens As China Hits Back With Tariffs

A jan.

31, 2019, file photo

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