Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

At 9:39 am EDT the Dow Jones was down 171.84 points at 24,468.40 the S&P 500 was down 12.37 points at 2,661.08 and the Nasdaq was down 49.99 points at 7,031.86

At 9:39 am EDT the Dow Jones was down 171.84 points at 24,468.40 the S&P 500 was down 12.37 points at 2,661.08 and the Nasdaq was down 49.99 points at 7,031.86

Jack Ma, the founder of Alibaba was outed by Chinese media, but the revelation shows how party loyalty trumps all with Xi Jinping's China.

The Dow Jones Industrial Average fell 61.54 points, or 0.3 per cent, to 24,578.50, the S&P 500 lost 1.67 points, or 0.06 per cent, to 2,671.83 and the Nasdaq Composite sat flat, dropped 0.36 points, or 0.0 per cent, to 7,081.86.

US President Donald Trump said on Monday that he expected to levy 25% tariffs on Chinese imports in November, deflating the hope that a solution to the US-China trade conflict is in sight. Trump said it was "highly unlikely" he would accept China's request to hold off on the increase, which is due to take effect on January 1.

Wall Street was set to open lower on Tuesday after President Donald Trump said he would move ahead with more tariffs on Chinese goods, dampening optimism of resolving the ongoing trade spat at the upcoming G20 Summit.

"Although the current economic situation in the U.S.is good, people can not rule out the possibility of another-I don't want to use the word "crisis"-a similar situation as what happened 10 years ago", he warned".

Since summer, trade tensions have simmered between Washington and Beijing as Trump first announced $50 billion in additional tariffs on Chinese products, arguing that the Asian nation was treating the U.S.

Justin Bieber Hosts First Thanksgiving with Wife Hailey Baldwin
News of the nuptials set off a media frenzy with fans, critics and casual pop culture trolls. In 2016, Bieber became the first artist to surpass 10 billion total video views on Vevo.

The dollar index, which measures the dollar's value against six other major currencies, rose 0.2pc to 97.28, its highest level in nearly two weeks. That left the dollar a shade firmer at 97.089 against a basket of currencies.

While he said that these connected handsets could be subject to a 10% or 25% tax, Trump also stated that the American public could afford a 10% tariff placed on the Apple iPhone.

European stocks look to close the day in the red. Even oil managed to regain a little ground after the gut-wrenching slide of recent weeks.

The World Trade Organisation has revealed tariff measures imposed by G20 countries have reached record highs and now cover $481 billion worth of global trade.

In commodity markets, oil prices climbed almost 3 per cent on yesterday in what was seen as largely a technical correction after weeks of losses.

USA crude oil futures settled at $51.56 a barrel, down 7 cents or 0.14 percent, after slipping as low as $50.30 earlier in the session.

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