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Global stocks tumble after new Trump tariff threat

June 19, 2018

Via: ABC News

Global stock markets fell Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods.

KEEPING SCORE: In early trading, Germany’s DAX plunged 1.8 percent to 12,606.14 and France’s CAC 40 fell 1.4 percent to 5,372.20. London’s FTSE 100 lost 0.8 percent to 7,565.81. On Monday, the DAX retreated 1.4 percent and the CAC 40 shed 0.9 percent while the FTSE 100 lost less than 0.1 percent. Wall Street looked poised for losses, with the future for the Dow Jones industrial average off 1.6 percent and that for the Standard & Poor’s 500 index off 1.3 percent.

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