Federal agents are executing warrants at Twin Cities daycare providers

MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all. 

Turn Up Your Support


The U.S. stock market fell sharply Tuesday in response to President Trump's recent threats to add 

another layer of tariffs on $200 billion worth of Chinese goods

The Dow Jones industrial average closed down 287 points, or about 1.15 percent, marking its sixth straight daily drop. The broader S&P 500 index lost 11 points, or about 0.4 percent.

The threat of a trade war is leaving investors uncertain and is fueling market volatility, said Greg McBride, chief financial analyst at Bankrate.com. 

"Markets are responding to all of the rhetoric with the trade war," McBride said. "A lot of what we're seeing may be negotiating tactics, but it's just going to be a choppy ride due to this concern." 

Asian markets also took a hit Tuesday in response to Trump's announcement. China's Shanghai composite index dropped 3.8 percent, Hong Kong's Hang Seng fell 2.8 percent and Japan's Nikkei was down 1.7 percent. 

"The Chinese economy is highly dependent on exports and what you are seeing is this reflected in Chinese equity markets," McBride said. 

Business and Economic News

Charlotte Norsworthy

Author

Global stock markets fell in response to President Trump's threats to add another layer of tariffs on $200 billion of Chinese goods. Trade tensions are leaving investors uncertain, analysts say.

Stock market drop amid escalating tariff threat

Go Deeper.

Like this?

News you can use in your inbox