Wall Street began the stock trading day with a mixed bag hours after President Donald Trump‘s sweeping tariffs went into effect and China stood firm on retaliatory tariffs.
The Dow Jones Industrial Average opened down more than 200 points Wednesday morning but then recovered by 300 points, while the S&P 500 dropped 20 points after open and then saw some recovery. The Nasdaq Composite was up roughly 40 points early in the trading day.
CHINA SLAPS US WITH 84% RETALIATORY TARIFFS
The markets opened hours after the higher tariff rates on imports from dozens of countries went into effect shortly after midnight, including 104% tariffs on China. The implementation of the higher tax on imports comes after the Trump administration implemented blanket 10% tariffs on Saturday.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!