Trump's Threat On Tariffs Causes Stocks To Fall

Stocks fell sharply after reports that the Trump administration could follow through with tariffs on around $200 billion worth of Chinese imports. Beijing was quick to fight back against Trump’s tariffs and enact their own tariffs on U.S. products the first time around. According to Business Insider, they are likely to do so again if the U.S. adds on more tariffs. Following the report, large-cap industrial stocks like Caterpillar and Boeing took a hit.