Trade war fears escalate as Trump ups ante | TheHill
Markets dropped precipitously on Friday amid fears of a growing trade war between the United States and China.
The Dow Jones Industrial Average fell more than 700 points as White House press secretary Sarah Huckabee Sanders insisted years of Chinese policies were to blame for the tit-for-tat tariffs imposed by the world’s largest two economies against one another were.
The Dow recovered slightly before the end of the trading end, falling 572 points.
Trump administration officials insisted there was no trade war even as trade groups in Washington and GOP lawmakers expressed alarm at the back an