{"id":3759,"date":"2018-10-29T21:50:26","date_gmt":"2018-10-29T21:50:26","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/us-shares-drop-on-renewed-tariff-threat-against-china\/"},"modified":"2018-10-29T21:50:26","modified_gmt":"2018-10-29T21:50:26","slug":"us-shares-drop-on-renewed-tariff-threat-against-china","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/us-shares-drop-on-renewed-tariff-threat-against-china\/","title":{"rendered":"US shares drop on renewed tariff threat against China"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City.\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/C377\/production\/_104093005_gettyimages-1054022380.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">US stock markets tumbled in the final hours of trading amid signs that US-China tensions are reigniting.<\/p>\n<p>The technology-heavy Nasdaq led the falls, down 1.6% to end at 7,050.29.<\/p>\n<p>The Dow Jones slid 1% to 24,442.9, while the S&amp;P 500 fell about 0.7% to 7,050.29.<\/p>\n<p>The losses accelerated following a report by Bloomberg that the US is preparing tariffs on additional Chinese goods, pending a potential meeting between leaders of the two countries.<\/p>\n<p>The US has already imposed tariffs on billions of dollars worth of Chinese goods. China has responded by implementing tariffs on US imports. <\/p>\n<p>If the US moves ahead with more, it would mean higher import taxes for effectively all of the goods the US imports from China &#8211; more than $500bn in trade last year.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.com\/news\/business-45899310\" class=\"story-body__link\">A quick guide to the US-China trade war<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/amp\/business-45288830\" class=\"story-body__link\">Will the US stock market boom continue?<\/a><\/li>\n<\/ul>\n<p>The moves, which the US says are a response to alleged intellectual property theft by China, have prompted widespread concerns in the business community.<\/p>\n<p>The aerospace industry, which has seen growing business in China, is among the sectors rattled by the trade talk, due in part to concerns about retaliation.<\/p>\n<p>Boeing led the Dow lower on Monday, falling about 6.6%. Lockheed Martin also fell about 6%. <\/p>\n<p>Manufacturers, retailers, and technology firms &#8211; many of whom rely on Chinese suppliers &#8211; are also exposed. <\/p>\n<p>US President Donald Trump has been threatening the additional tariffs for months, but the renewed talk follows several weeks of market declines.<\/p>\n<figure class=\"media-landscape has-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Amazon was one of the biggest fallers on Wall Street<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p>Stocks have been hit by investor concerns that US company profits are at or near their peak, as firms face slowing global growth, trade tensions, and rising costs &#8211; including higher interest rates &#8211; in the months ahead.<\/p>\n<p>Technology companies &#8211; which helped power a rally earlier in the year &#8211; are also facing increasing calls for regulation, including a new <a href=\"https:\/\/www.bbc.com\/news\/business-46023450\" class=\"story-body__link\">digital services tax proposal in the UK<\/a>.<\/p>\n<p>On Monday, shares in Netflix fell about 5%, while Google-owner Alphabet fell about 4.5%, bringing both firms farther from their July peaks.<\/p>\n<p>Amazon closed more than 6% lower, extending losses that started last week, when the <a href=\"https:\/\/www.bbc.co.uk\/news\/amp\/business-45986319\" class=\"story-body__link\">firm&#8217;s Christmas season forecast<\/a> disappointed investors.<\/p>\n<p>Amazon shares are now down more than 15% since Thursday, when the firm provided the outlook to investors as part of its earnings update.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46026309\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images US stock markets tumbled in the final hours of trading amid signs that US-China tensions are reigniting. The technology-heavy Nasdaq led the falls, down 1.6% to end at 7,050.29. The Dow Jones slid 1% to 24,442.9, while the S&amp;P 500 fell about 0.7% to 7,050.29. The losses accelerated following a report &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3759"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3760"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}