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Thu Mar 1, 2018, 01:29 PM

Stocks sink on Trump tariff announcement [View all]

Source: The Hill

U.S stocks sunk Thursday moments after President Trump said he’d would set tariffs on steel and aluminum next week.

Trump’s abrupt announcement sent the Dow Jones industrial average down 330 points (1.3 percent) shortly after 1 p.m. The Nasdaq and S&P 500 also fell roughly 1 percent each.

Trump said he will announce tariffs of 25 percent on imported steel and 10 percent on aluminum from all countries that send their metals to the United States, a decision sure to lead to retaliation by trade partners.

The tariffs are an effort to bolster the U.S. steel and aluminum industries, which Trump pledged to revive on the campaign trail.

Read more: http://thehill.com/policy/finance/376280-stocks-sink-on-trump-tariff-announcement



He and his cronies will destroy the economy yet.

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Reply Stocks sink on Trump tariff announcement [View all]
Julian Englis Mar 2018 OP
C_U_L8R Mar 2018 #1
Fred Sanders Mar 2018 #6
C_U_L8R Mar 2018 #9
Weed Man Mar 2018 #10
enid602 Mar 2018 #27
Weed Man Mar 2018 #28
enid602 Mar 2018 #31
Watchfoxheadexplodes Mar 2018 #2
OnlinePoker Mar 2018 #3
harun Mar 2018 #4
progree Mar 2018 #12
malthaussen Mar 2018 #29
ashling Mar 2018 #30
SunSeeker Mar 2018 #5
lapfog_1 Mar 2018 #7
NastyRiffraff Mar 2018 #8
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SunSeeker Mar 2018 #13
Bernardo de La Paz Mar 2018 #15
mr_lebowski Mar 2018 #17
Bernardo de La Paz Mar 2018 #14
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barbtries Mar 2018 #18
LeftInTX Mar 2018 #19
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Javaman Mar 2018 #21
Major Nikon Mar 2018 #22
duforsure Mar 2018 #23
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Cold War Spook Mar 2018 #25
Cryptoad Mar 2018 #26
Major Nikon Mar 2018 #33
Marthe48 Mar 2018 #32