Earlier Friday, China made an announcement that it will impose an additional 5% to 10% tariff rates to $75 billion worth of U.S. goods.
President Donald Trump later tweeted that the U.S. was "better-off" without China. He also claims he made an order to carriers such as FedEx (NYSE:FDX), UPS (NYSE:UPS), Amazon.com (NASDAQ:AMZN) and the U.S. Postal Service:
Trump said he will be responding to the additional tariffs later Friday afternoon.
The Dow Jones Industrial Average was down more than 420 points at time of publication.
Related Links:
China To Raise Import Tariffs On $75B Additional US Goods
Trump: 'My Only Question Is Who Is Our Bigger Enemy, Jay Powell Or Chairman Xi?'
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