US stocks set to plunge as traders fret about China’s response to Trump’s trade war

  • US stocks are set to tumble, while Asian and European stocks slipped on Monday.
  • Trump could expand duties to a further $325 billion of Chinese products after a tariff hike on Friday.
  • Chinese officials have pledged to take any “necessary countermeasures” and refused to swallow “bitter fruit” that hurts their interests.
  • “Investors are again growing worried on what China’s response will be,” says one analyst.

Source: US stocks set to plunge as traders fret about China’s response to Trump’s trade war

Leave a Reply

Your email address will not be published.