China has announced new tariffs on US goods. Photo: AFP

Donald Trump calls Xi Jinping an ‘enemy’ after China announces fresh tariffs on US$75 billion of US products

  • Beijing will raise tariffs on items originating in the US from 5 per cent to 10 per cent in two batches
  • Trump responded by ‘ordering’ US companies to look for alternatives to China and referred to Xi as an ‘enemy’
Topic |   US-China trade war

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China has announced new tariffs on US goods. Photo: AFP
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A trader works on the floor of the New York Stock Exchange shortly after the closing bell on Friday, when the Dow lost more than 600 points. Photo: Reuters

Dow closes down more than 600 points after Donald Trump lashes out at fresh tariffs from China

  • Technology and semiconductor companies account for some of the biggest losses, including Apple and chip maker Nvidia
  • UPS, FedEx and Amazon stocks also drop after Trump tells them to block fentanyl deliveries
Topic |   Stocks

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A trader works on the floor of the New York Stock Exchange shortly after the closing bell on Friday, when the Dow lost more than 600 points. Photo: Reuters
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