BREAKING: Dow drops more than 600 points Monday; posts worst day since January, as US-China trade war escalates.
Stock exchanges across the world have witnessed intense volatility over the past few weeks, with all three major indices in the U.S. seeing an extended sell-off as investors parsed the likelihood of a resolution to months of trade negotiations between the world's two largest economies."We've never taken in 10 cents [from China] until I was elected," President Donald Trump told reporters at the White House on Monday when asked about the ongoing trade war.
Trump said Monday he was not worried about additional retaliation from China for the tariffs the U.S. had imposed on a total of $250 billion in Chinese imports, saying"It's working out very well." He also said he was hopeful for a"very fruitful" meeting with China's President Xi Jinping at the G-20 meeting in Osaka in June.
He also warned the Chinese that “the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!”
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