Skip to main content

China imposes tariffs on 128 U.S. products

The markets plunged during the midday with the Dow collapsing 741 points to 23,361. Nasdaq crashed 250 points to 6812.


China followed through on its threat to increase tariffs on U.S. products by raising import duties on 128 items. Pork and aluminum scrap were targeted with a 25% tariff while a 15% tariff was imposed on apples, grapes, sparkling wine, steel pipes, and walnuts. In 2017, China imported $1.1 billion of pork products while all American farm imports reached nearly $20 billion.


ESPN will launch its new ESPN+ streaming service next Thursday, April 12, 2018. The service will offer original content, daily Major League Baseball and National Hockey League games, live college sports events, and live PGA Tour coverage. Customers can subscribe for $4.99 per month or pay $49.99 per year.


Google expanded its Rolling Study Halls program to rural areas in 12 states. Free Google Wi-Fi service will be installed in 70 school buses from 16 school districts so that students can complete homework assignments on long rides to and from school. Access to the wi-fi service will be limited to Google Chromebooks that have been issued by schools and that only allow students to view certain school approved internet sites.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 crashed 84 points to 2555. Bitcoin climbed $133 to $6,953.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.