Worthy Christian News > US News > Stocks plunge as China trade war and Mexico tariffs fuel a ‘triple hit of bad news’

Stocks plunge as China trade war and Mexico tariffs fuel a ‘triple hit of bad news’

Monday, June 3, 2019 | Tag Cloud Tags: China, Illegal Immigration, Mexico, News, tariff, Trade, Trump, United States, War, Worthy News | Learn about our FREE SYNDICATION Service | Receive Worthy News in your inbox! | Printer Friendly

(Worthy News) – US stocks fell sharply on Friday after the Trump administration threatened tariffs on all imports from Mexico if the country did not do more to reduce illegal crossings at the southern US border. China’s confirmation that it has planned out how to restrict America’s supply of critical rare-earth metals, and a decline in Chinese manufacturing in May, also weighed on markets.

All three of the major averages were down at least 1.3%, with the Dow Jones Industrial Average closing lower by more than 350 points. Friday’s sell-off pushed the S&P’s May loss to 6.5%, and closed the chapter on the index’s first down month since December.

“On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP,” President Donald Trump tweeted. “The Tariff will gradually increase until the Illegal Immigration problem is remedied at which time the Tariffs will be removed.” [ Source: Business Insider (Read More…) ]

Be informed without depending on social media — receive Worthy News by email.

people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Senate Passes Government Funding Stopgap, Leaves Town

U.S. Presses Egypt Over Rising Christian Persecution, Religious Freedom Abuses

Iran Sets Sweeping New Demands to Reopen Strait of Hormuz, Tells U.S. to ‘Correct Its Behavior’

Pentagon Presses U.S. Arms Makers to Accelerate Production as Iran War Drains Missile Stockpiles

Drone Bomb Found Near Ukrainian Cargo Plane Raises Fears Of Russian Sabotage

North Korean Missile Unit Deploys To Help Russia (Worthy News Focus)

Numerous Killed In Thailand School Shooting; Teenage Shooter Dies

Scottish Missionary Found Dead In Suitcase; Afghan Suspect Detained (Worthy News In-Depth)

Russia Expands Military Training For Ukrainian Children Amid Mounting War Losses (Worthy News Investigation)

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.