Wall Street Lower As Us-china Trade Tensions Mount


– The Dow and the S&P 500 fell after China’s retaliatory action against U.S. tariffs rekindled concerns that the world’s two biggest economies were headed toward a trade war, with losses limited by gains in energy shares.

U.S. President Donald Trump said last week he was pushing ahead with hefty tariffs on $50 billion of Chinese imports, prompting a swift response from Beijing, which said it would slap duties on several American commodities.

Boeing, the single largest U.S. exporter to China, fell nearly 1 percent, while construction equipment maker Caterpillar declined 1.4 percent.

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