Futures Point To A Bloodbath At Wall Street Opening

The apparent trade war between U.S. and China is getting more revealed with China announcing a tariff increase on U.S. imports worth $50 billion. The higher tariff of up to 25 percent on imports include products such as aircraft, soybean, chemicals, etc. The U.S. is one of the largest importer of Chinese products and already have a trade deficit of around $375 billion.

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