Sell-off worsens worldwide and Dow drops 1,000 after China retaliates against Trump tariffs
Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war.
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Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war.
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Tesla Inc.’s sales started slowing even before Chief Executive Officer Elon Musk really threw his weight around in US politics. Since he’s taken a starring role in the Trump administration and become a cheerleader for Europe’s far right, the company’s fortunes have taken a turn for the worse.
President Donald Trump vowed his economic policies “will never change,” and blasted China for retaliating against his sweeping tariff plan, as the prospect of a global trade war continued to wreak havoc on the economy.
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