Markets dive as US China trade spat and tech regulation loom
Stocks drop sharply as tariffs raise fears of a widening trade conflict. Major indexes slide with Dow down 1.9 percent to 23 644.19, S P 500 off 2.2 percent, Nasdaq 2.7 percent. Amazon and Facebook fall amid regulatory pressure and privacy concerns. Tyson shares drop after China duty changes while Alphabet's parent Alphabet also faces scrutiny.
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Trade tensions flare as China hits back on tariffs
The United States imposed steel and aluminum tariffs prompting China to retaliate with duties on apples pork and ginseng. Analysts say observer markets show a slap fight not a full trade war with potential to escalate.
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United States
China
U.S
Wall Street
Derek Scissors
American Enterprise Institute
Beijing
Boeing
Donald Trump
Amanda DeBusk
International Trade Department
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Wendy Cutler
Asia Society Policy Institute
America
EPA to relax emissions rules for cars and trucks
The EPA and NHTSA will ease the Obama era fuel economy targets for model years 2022 to 2025 deeming the prior standard too high. Officials say new standards will come later and emphasize feasibility safety and costs for consumers while automakers push for affordability and a single national program.
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National Highway Traffic Safety Administration
Gloria Bergquist
Alliance of Automobile Manufacturers
U.S
America
Fred Krupp
The
Environmental Defense Fund
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