President Trump announced the U.S. will slap more tariffs on China, continuing its trade tiff.
Trump posted on Twitter:
"On September 1st, putting a small additional tariff of 10% on the
remaining 300 Billion dollars of goods and products coming from China into our Country.
This does not include the 250 Billion dollars already tariffed at 25 percent."
The Dow Jones is still down Thursday after it dropped over 300 points Wednesday, in what was the worst day since May.
The dip was due to the tariff announcement and the Federal Reserve slicing rates by 25 basis points for the first time in over a decade.
"It is intended to ensure against downside risks from weak global growth and trade policy uncertainty, to help offset the impacts they are currently having on the economy."
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