Stocks plummet as Trump's trade war with China escalates

The Dow Jones Industrial Average plunged 617 points on Monday, falling more than 2 percent amid fears that President Trump's escalating trade war with China will damage the U.S. economy.

Markets fell on the news that China would move to retaliate against higher tariffs on Chinese goods imposed Friday by Trump, fueling concerns that Washington and Beijing are moving further away from a deal that would end the trade fight.

Trump has repeatedly downplayed the economic pain from the tariffs, but the retaliatory measures by China and falling stocks served as a reminder that both sides are likely to take a hit from a war involving the world’s two largest economies.

China’s retaliation rattled U.S. stock markets, which have adjusted to previous ups and downs in the tumultuous negotiations. The Dow on Monday sank 2.4 percent to 25,324 points, a level it first cleared in January 2018. 

The S&P 500 also fell 2.4 percent, while the tech-heavy Nasdaq composite plunged 3.4 percent.

 Read more at The Hill

Current News

Minneapolis City Council is seriously weighing disbanding the police

Minneapolis City Council is seriously weighing disbanding the police

'We can declare policing as we know it a thing of the past'  Read more

Media Falsely Claimed Violent Riots Were Peaceful And That Tear Gas Was Used Against Rioters

Media Falsely Claimed Violent Riots Were Peaceful And That Tear Gas Was Used Against Rioters

The entire narrative the media glommed onto in lockstep was that Trump was a monster who tear-gassed peaceful protesters to do something meaningless. None of that was true.  Read more

Iowa Votes Steve King Out Of Congress After Nearly Two Decades; Trump Congratulates Primary Winner

Iowa Votes Steve King Out Of Congress After Nearly Two Decades; Trump Congratulates Primary Winner

Voters in Iowa’s 4th Congressional District ousted longtime GOP Rep. Steve King on Tuesday.  Read more

Five Years After Freddie Gray Riots, Baltimore is the Model of Peaceful Protesting

Five Years After Freddie Gray Riots, Baltimore is the Model of Peaceful Protesting

The streets of Baltimore bled with rage just five years ago after the death of a young black man, Freddie Gray, in the back of a police vehicle. Now, as violent rioting and looting own the night in several cities across the nation, Baltimore emerged as the beacon of peaceful protesting.  Read more

Watch: Donald Trump Leaves Media Speechless in Rose Garden, Walks to Historic Church Burned in Riots

Watch: Donald Trump Leaves Media Speechless in Rose Garden, Walks to Historic Church Burned in Riots

From the Rose Garden of the White House Monday evening, President Donald Trump addressed his fellow Americans about the chaos and riots that have gripped the nation in the wake of peaceful protests over the homicide of Minnesota man George Floyd.  Read more

George Floyd's Brother Has a Message For Rioters

George Floyd's Brother Has a Message For Rioters

Terrence Floyd, George Floyd’s younger brother, called for an end to the violent protests, rioting and looting that have been carried out in his brother’s name.  Read more