Futures for U. S. stocks and soybeans were dropping sharply Wednesday, as Chinese officials unveiled plans to strike back in an escalating trade fight with the Trump administration. Boeing’s stock, gold and the yen are also making sizable moves.
Futures for U. S. stocks and soybeans dropped sharply Wednesday, as Chinese officials unveiled plans to strike back in an escalating trade fight with the Trump administration.
Officials in Beijing said they plan to impose tariffs of up to 25% on 106 American products such as soybeans, responding after Washington on Tuesday gave details on the $50 billion of Chinese goods, mostly tech products, that it’s threatening to hit with 25% tariffs.
