Feng Li/Getty Images Industrial stocks sank Friday morning after the Trump administration announced new taxes on $50 billion worth of goods imported from China.…
Feng Li/Getty Images
Industrial stocks sank Friday morning after the Trump administration announced new taxes on $50 billion worth of goods imported from China.
Boeing was down about 1.8% at the time of writing, and Caterpillar was down 2.4%.
“This list was compiled based on extensive interagency analysis and a thorough examination of comments and testimony from interested parties,” the office of the US Trade Representative (USTR) said in a press release.
“It generally focuses on products from industrial sectors that contribute to or benefit from the “Made in China 2025″ industrial policy, which include industries such as aerospace, information and communications technology, robotics, industrial machinery, new materials, and automobiles.”
Automaker stocks also fell slightly, in line with broader benchmark indexes like the Dow Jones Industrial Average, which was down about 0.
