Trump tariffs: Markets fall as trade war fears mount

GTM Research also projects an oversupply in the market based on recent policy changes in China that will constrict the country's demand.

On Tuesday, the U.S. Dow Jones Industrial Average opened more than one percent lower.

Targeting petroleum puts US President Donald Trump administration's "energy dominance" agenda in Beijing's cross hairs as US shale has grabbed share from Middle East suppliers in Asia. S&P 500 e-minis (ESc1) were down 30.75 points, or 1.11 percent and Nasdaq 100 e-minis (NQc1) were down 94.75 points, or 1.3 percent.

As the markets slid, the White House made available one of the president's chief trade advisers to explain the latest moves and push back against critics.

"This is a predictable response to a very public effort by the U.S. to reconcile what it perceives to be trade differences".

He also added the actions are (quote) "necessary to defend" the U.S. "The fact they're down so little means that people think what the Trump administration is doing is part of their negotiating strategy".

Peace convoy arrives in Kabul after nearly 40-day march from Helmand
Some Taliban seen taking selfies w‎ith Afghan government forces and officials had been warned, the Taliban official said. The Taliban said its militants had been ordered to take up arms again on Sunday night - now the Eid festival had ended.

Apple's iPhones are assembled in China from parts manufactured in China, the USA, and other countries, a process that could bring the tech giant into the forefront of the Trump administration's escalating trade actions against Beijing as well as China's retaliatory measures. "Like five times more".

The declines in the U.S. markets followed a global rout.

The consumer staples index fell 1.5 percent, with tobacco major Philip Morris down 2.4 percent.

Copper CMCU3 lost 1.94 percent to $6,829.00 a tonne.

Zhang said a trade war may put United States multinationals in danger, since multinationals accounted for one-fifth of total employment in the US. The FTSE 100 in London was off 0.46 per cent. The Stoxx Europe 600 was down 0.71 per cent and France's CAC 40 had slipped more than 1.1 per cent.

Meanwhile, Canadian officials have stressed the two countries' extensive trading relationship and pointed out that Canada is the top export destination for 35 USA states and that 9 million jobs in the United States depend on trade with its northern neighbor.

U.S. Rep. Yoder urges Sessions to halt separation of families
President Trump tweeted on Monday: "Children are being used by some of the worst criminals on earth as a means to enter our country".

The dollar fell against the yen in early Asian trade on Tuesday after U.S. President Donald Trump's threats of more tariffs on China raised worries about an escalating trade war between the world's two largest economies.

For battery storage, the products included in the latest tariff lists account for a small portion of USA imports according to Ravi Manghani, director of energy storage at GTM Research. What's more, unlike Trump's other trade spats, there are (arguably) real national interests at stake in his showdown with China.

President Trump's threat to impose tariffs on an additional $200 billion in Chinese goods, followed by Beijing's swift vow to retaliate, has jangled investor nerves and elicited concern from a range of industries.

Global stock markets tumbled with US bond yields and agricultural commodities on Tuesday, while the dollar rose and investors flocked to safety in the face of a rapidly escalating U.S. Those are set to take effect next month.

"This practice of extreme pressure and blackmail" will be met with other comprehensive quantitative and qualitative measures, the country's Commerce Ministry warned.

"If the United States loses its senses and publishes a new list, China will be forced to take comprehensive measures that are both strong in quantity and gravity and will fight back", it read.

Rats nibble cash worth Rs 12 lakh inside Assam's Tinsukia ATM
The ATM (DFBK - 000196116) belongs to the State Bank of India (SBI) and is located in Laipuli area of the district. Police said the rodents probably entered the machine through a hole for wiring, the Hindustan Times reported.

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