The market volatility has been ignited by weekend tweets from President Trump that shook up trade negotiations with China.
U.S. stock markets continued to show high anxiety Tuesday after a volatile Monday amid simmering U.S.-China trade tensions. By Thomas Heath Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area Email Bio Follow May 7 at 11:20 AM Trade tensions riled stocks for the second day in a row as the Trump administration promised to make good on its threats to raise tariffs on Chinese imports beginning Friday.
All three major U.S. indexes had been near all-time highs last Friday, with the Dow up 12 percent on year. The S&P 500 is up more than 15 percent, and the Nasdaq is ahead 20 percent in 2019. After markets closed on Monday, senior Trump administration officials accused the Chinese of “reneging” on commitments made earlier in trade talks. They reaffirmed their plan to raise tariffs on a wide range of Chinese goods on Friday.
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