President Donald Trump threatened on Twitter to hike tariffs on 200 billion US dollars worth of Chinese goods Sunday. AP
Stocks pared earlier losses in afternoon Monday trading following an initial drop on President Donald Trump’s threats on Sunday to hike tariffs on Chinese imports. The comments initially worried investors that trade tensions between the two countries were escalating.
“Trump’s China comments ruffled investors’ feathers as this continues to be the biggest risk factor in the market, especially for tech stocks,” said Daniel Ives, managing director of equity research for Wedbush Securities. “But I think investors think that the bark is worse than the bite, that this is more negotiation tactic rather than a structural change in