Pork imported from the US to China will see a 25% tariff increase
Cherry and apple growers in Washington state are anxious their exports to China will be hurt by a trade war that escalated on Monday when that country raised import duties on a $3 billion list of products. It's too soon to call it the beginning of a trade war, but for now, investors aren't sticking around to find out.
The tech-heavy NASDAQ and the larger stock index, the S&P 500, are both also down more than 3 percent.
Worries over protectionist trade policies and controversy surrounding technology companies have prompted investors to pull money out of the U.S. market.
Declaring it "will not recoil from a trade war", China announced a retaliatory plan against Trump's proposed aluminum and steel import tariffs by putting forward tit-for-tat tariffs of its own that target US exports to China.
China imposed significant tariffs on more than 100 imported American products on Sunday.
"The fact that a country has actually raised tariffs in retaliation is an important step in the wrong direction", she said.
Israel Plans to Move more than 16000 African Migrants to Western Countries
At a news conference in Jerusalem , Netanyahu praised the new agreement reached with the UN Refugee Agency (UNHCR). Earlier Monday, he said discussions were ongoing with countries that could resettle asylum seekers.
Four Pakistani Christians Killed In Attack Claimed By Islamic State
The Christian family was traveling to the city, which is known for its large Christian community. IG Moazzam Jan explained that the attack on the Christians, appeared to be a targeted attack.
Middle-earth: Shadow of War to remove microtransactions soon
There will be a specific amount of time given for players to utilize their unused Gold. For players who have already completed the Shadow Wars, it will remain completed.
Companies are looking ahead to a bigger fight over President Donald Trump's approval of higher duties on up to $50 billion of Chinese goods in response to complaints that Beijing steals or pressures foreign companies to hand over technology.
Washington's total exports to China totaled more than $18 billion to China previous year.
"We are looking at all options", stated Cui Tiankai, China's ambassador to the United States, perhaps signaling that China, America's largest creditor with more than $1 trillion of Treasury bonds, could ease its purchases of USA bonds in response to USA tariffs. After peaking at nearly $1,600 U.S. a share last month, Amazon has slumped with the market recently.
Microsoft dropped 3% and Alphabet, Google's parent company, shed 2.4%.
The price of gold climbed 1.2 per cent to $1,343.60 U.S. an ounce and silver jumped two per cent to $16.60 United States an ounce as some investors took money out of stocks and looked for safer investments.
The Canadian dollar, meanwhile, was off by about a quarter of a cent to 77.38 when stock markets closed on Monday.
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