Trump on Thursday announced about $50 billion in annual tariffs on a variety of goods from China. [Trump moves to crack down on China trade with $50 billion in tariffs on imported products]Investors are fearful that the trade policies and their fallout could upset a robust global economy and hamper the nine-year bull market. “Trade tariffs are starting to emerge as a bigger market head wind than originally thought,” said Ivan Feinseth, director of research at Tigress Financial Partners. Caterpillar, Boeing, 3M and JP Morgan Chase were among the big drags on the Dow as trade worries deepened. The F in the vaunted FAANG stocks — Facebook, Apple, Amazon.com, Netflix, Google — dropped 2.7 percent Thursday, and its losses are bleeding across the technology sector.

Source: Washington Post March 22, 2018 16:10 UTC