Markets

Industrial stocks sink after Trump announces new tariffs on Chinese imports

President Donald Trump on Friday announced tariffs on $US50 billion worth of imported Chinese goods. The new tariffs directly affect aerospace, industrial machinery, raw materials, and automotive sectors, the trade representative said. Stocks including Boeing,Caterpillar, and automakers fell in after the tariffs were announced. Industrial stocks sank Friday morning after […]
Industrial stocks sink after Trump announces new tariffs on Chinese imports
Markets

Industrial stocks are getting whacked as Trump’s new tariffs grow ever closer

Industrial stocks are down again Wednesday after the resignation of White House economic advisor Gary Cohn amid President Donald Trump’s continued push for his proposed tariffs. Caterpillarwas down more than 2% in trading Wednesday morning, GEwas down 1.13%, and Boeingwas down 0.81%. Industrial stocks are taking a hit Wednesday as […]
Industrial stocks are getting whacked as Trump’s new tariffs grow ever closer