Dow Sheds 250 Points as Trade War Worries Weigh on Industrials
Boeing’s 4 percent fall contributed to about 100 points drop in the blue-chip index, with traders citing continuing fallout from Tuesday’s reports
that U. S. President Donald Trump could impose tariffs on up to $60 billion of Chinese imports.
(Reuters) - The Dow Jones Industrial Average shed more than 250 points on Wednesday as U. S.
manufacturers continued to suffer from concerns over the impact of new tariffs on trade.
"There’s every situation that’s being looked at now, whether it’s tariffs or not with
a new eye, in terms of how one would deal with United States moving forward."
The Trump administration is pressing China to cut its trade surplus with the
United States by $100 billion, a White House spokeswoman said on Wednesday.
Paul Springmeyer said that Governments in general are in a wait-and-see mode to find out what is going to be the outcome of the negotiations,