Investing.com
- US stock futures tumbled more than 1% late Thursday.
- The drop came after news that President Donald Trump is considering an additional $ 100 billion in tariffs on China.
Risk aversion has reared its head in early Asian trade on Friday following news that Donald Trump has asked the US Trade Representative (USTR) to consider an additional $ 100 billion in tariffs on Chinese imports.
“In light of China’s unfair retaliation, I have instructed the USTR to consider whether $ 100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs,” Trump said in a statement released by the White House.See the rest of the story at Business Insider
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See Also:
- These states could be hit the hardest by a trade war with China
- Here’s what China has going for it in a trade war — and what it doesn’t
- Trump says the US has already lost its trade war with China
