The Dow erased its gains for the year Tuesday, finishing 287 points lower and extending a global stock sell-off triggered by President Donald Trump's threat to levy billions of dollars more in tariffs on Chinese goods.
It's the latest escalation in a dispute that Wall Street fears could develop into a full-blown trade war. Trump has directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports. The president accused Beijing of being unwilling to resolve the dispute over complaints it steals or pressures foreign companies to hand over technology. China’s Commerce Ministry criticized the White House action as blackmail and said Beijing was ready to retaliate.
Adam Shell | USA TODAY