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Wall Street dives sharply after Trump's China tariffs

Wall Street dives sharply after Trump's China tariffs
Indexes post biggest daily losses in 6 weeks

By Ovunc Kutlu

NEW YORK (AA) – Wall Street on Thursday posted its worst trading day since Feb. 8 after President Donald Trump announced tariffs on China, which increased worries for investors that a potentially trade war is imminent.

The Dow Jones was down 724 points, or 2.9 percent to close at 23,957 points. The S&P shed 68 points to end the trading at 2.643 points.

The Nasdaq decreased 178 points, or 2.4 percent, to 7,166 points.

All three indexes posted their largest daily losses in six weeks.

Trump signed an executive order that imposes $60 billion in tariffs on imports from China.

His administration also proposed adding 25 percent additional tariffs on certain Chinese products.

source: News Feed
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