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’
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US-China trade war
China has announced new tariffs on US goods. Photo: AFP
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
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Stocks
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