Quantcast
Connect with us

Trump sends stock market plunging with new tweet announcing more China tariffs

Published

on

President Donald Trump on Thursday sent the stock market plunging downward after he announced new tariffs on Chinese goods over Twitter.

In a Thursday afternoon tweet, the president slammed China for not living up to its promises to buy more American agriculture goods, and he said the United States would soon retaliate by putting “a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.”

ADVERTISEMENT

In addition to attacking China for not buying American products, the president also said China had failed to stop the flow of fentanyl into the United States as it vowed to do earlier this year.

“Many Americans continue to die!” the president wrote.

The Dow Jones Industrial Average immediately dropped after the president’s tweet, as the stock index lost 200 points in the span of five minutes. Although the Dow had started Thursday up roughly 250 points, Trump’s tweet almost immediately erased all gains, as shown by the chart below.

Despite all this, Trump said he was optimistic about upcoming trade discussions with the Chinese government.

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

ABC News had the goods on Jeffrey Epstein years ago — and killed the story

Published

on

By

Multimillionaire predator Jeffrey Epstein died in suspicious circumstances at a Manhattan correctional facility on Aug. 10. The wealthy and powerful New York financier, a convicted sex offender, stands accused by dozens of women and girls of trafficking, rape and sexual abuse. He was an enormously influential and well-connected man who counted as friends billionaire business ownersHollywood starsBritish royals, and even top media figures like Katie Couric and Charlie Rose — with some of his associates falling under suspicion of condoning or even participating in a pedophile ring.

Continue Reading

Breaking Banner

Child killed as quake strikes southern Philippines

Published

on

A powerful earthquake hit the southern Philippine island of Mindanao on Sunday, killing a child, injuring dozens and damaging buildings in an area still recovering from a string of deadly quakes in October.

Police said a rescue operation had been launched at a heavily damaged market building in Padada near the 6.8 magnitude quake's epicentre, which is about 90 kilometres (55 miles) south of the major city of Davao.

Patients were evacuated from hospitals as a precaution and nervous crowds massed outside shopping malls after the jolt and dozens of smaller, but strong aftershocks.

Continue Reading
 

Breaking Banner

50 bodies unearthed from Mexican mass grave

Published

on

The bodies of at least 50 people have been unearthed from a mass grave at a farm outside Mexico's western city of Guadalajara, local authorities said.

The grim site was discovered just over three weeks ago in Jalisco -- a state hard-hit by violence linked to organized crime.

The local prosecutor's office said Saturday 13 of the dead -- 12 men and a woman -- have been identified and the remains given to their families.

The process of identifying more of the victims and how they died will continue, it added.

A mass grave with 34 bodies was discovered in a suburb of Guadalajara on September 3, while another was found nearby in May with the remains of 30 people.

Continue Reading