WASHINGTON - A deepening trade war between the United States and China caused the Dow Jones Industrial Average to plunge on Monday, and raised not just pessimism over trade but also worries over the direction of US-China relations.
The latest round of tariffs are "far too great a gamble for the US economy", the National Retail Federation said in a statement. "Taxing Americans on everyday products like clothes and shoes is not the answer for holding China accountable.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
