Unexpected: trump threatens to raise taxes! A 10% tariff on Chinese goods worth US $300 billion

According to Xinhua Finance New York, US President trump said through social media on the afternoon of August 1 that the US will impose 10% tariffs on US $300 billion of goods imported from China from September 1 this year. However, trump said that the future of China and the United States will be very bright if we continue to have a constructive dialogue with China on a comprehensive trade agreement.

Affected by Trump's latest statement, US stocks dived rapidly in the afternoon, and the Dow fell more than 300 points at one time. Among them, the Dow Jones index rose more than 300 to fell more than 300 in the session, plunging 600 points at one time. By the end of the day, all three major U.S. stock indexes closed lower, with the Dow down nearly 300 points, or 1.05%, the NASDAQ down 0.79%, and the S & P 500 down 0.90%.