Yahoo News - Latest News & Headlines
By Stephen Culp NEW YORK (Reuters) - Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China. All three major U.S. indexes closed higher following Monday's sell-off. Late Monday, U.S. President Donald Trump announced that 10 percent tariffs on $200 billion in imports from China would go into effect next week, escalating the tit-for-tat trade spat between the world's two largest economies. China responded on Tuesday by unveiling 10 percent tariffs on about $60 billion of U.S. goods effective Sept. 24. ...
No comments