Investment Updates
Facts About The Recent Volatility And Fears Of A Trade War
Published Friday, April 6, 2018 at: 7:00 AM EDT
Stocks soared in January, hitting new all-time highs after the tax bill was enacted and then plunged 11% from January 26 to February 8. By March 9, prices had largely recovered when President Trump slapped $50 billion of tariffs on China and fears of a trade war triggered another selloff and capped off Friday with a 2.2% plunge. For whipsawed investors, here are the straight facts.
On March 22, President Trump signed a memorandum officially targeting "China's economic aggression," and proposing $50 billion in tariffs on Chinese imports into the United States. China responded within days by imposing tariffs on the United States. On Thursday, the president added another $100 billion of proposed new tariffs on Chinese goods, triggering Friday's 2.2% selloff.
These actions followed an investigation initiated at the request of President Trump on August 18, 2017 by the U.S. Trade Representative (USTR) under Section 301 of the Trade Act of 1974 into the government of China's acts, policies and practices related to technology transfer, intellectual property, and innovation.
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- A Guide To The New Rules On Tax Deductions In 2018
- Trade War, Resignations, And Scandal Overshadow Rise In Leading Indicators
- Changes To Estate Tax Explained In This Week's Wealth Update
- 2018 Estate Tax Changes And What May Be Ahead
- Stocks Surge 1.7% Friday As Tariff Fears Subside And New Jobs Surge
- Understanding Economic Fundamentals
- A Guide To The New Rules On Tax Deductions In 2018
- The Economic News That Did Not Make Headlines This Week
- Will Rising Bond Yields Be Bad For Stocks?
- Investing For The Long Run Amid Volatility
- Stock Market Is Unfazed By Russia Indictment, Displaying What Makes America Great
- Stock Prices Corrected 11.8% Before Rallying Sharply Friday
- You Don't Need Perfect Knowledge To Invest Well
- Why Stocks Plunged Last Week
- What's Driving Stocks And How It Affects Portfolios