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.
