Falling Wall Street indicators after US duties 104% against China

In red are its indicators Wall Streetafter the White House announced how it will impose duties 104% in many Chinese products.

THE S&P 500 which had made a jump of 4% earlier today fell on negative territory, losing all previous profits. Wall Street’s broader index after the duties posting is down 2.92%. Its industrial index Dow Jones loses 2.2% and the Nasdaq It declines 3.44%.

The US will impose duties 104% In Chinese products after midnight after Beijing said it would tax US exports to China.

This move further escalates the trade dispute that has already disturbed financial markets.