- It's another down day for stocks across the globe after the Trump administration raised the stakes in its trade war with China, saying it would slap 10% tariffs on an extra $200B worth of Chinese imports.
- The new list appears to target Beijing’s important manufacturing export industries, going after electronics, textiles, metal products and auto parts.
- Food and personal products sectors are also set to be affected, as well as beauty goods and makeup products.
- See the full list from the USTR here
- Asia: Nikkei -1.2%; Hang Seng -1.3%; Shanghai -1.8%; Sensex -0.1%.
- Europe: FTSE 100 -1.5%; CAC 40 -1.2%; DAX -1.3%.
- U.S. futures: Dow -0.9%; S&P -0.8%; Nasdaq -1%.
- Previously: China to retaliate as trade conflict escalates (Jul. 11 2018)
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV
- Now read: Is Another Drop Ahead For Tech Stocks?
Original article