Tokyo stocks plunged following worries in the global economy after President Trump decided to apply tariffs on Chinese products imported to the United States. The Dow Jones industrial average plummeted in the last hours of a bouncy day Friday and closed down 424 points, 1.77 percent. The Dow is on pace for one of its worst-performing months since 2015 as investors grow anxious that Trump’s trade policies and their fallout could upset a robust global economy. Markets went deep red on Thursday, with the Dow Jones industrials dropping 724 points — nearly 3 percent — as Trump signaled his trade offensive against China. The Chinese government fired back within hours with its own threat to hit $3 billion in U.S. goods with tariffs.

Source: Washington Post March 23, 2018 13:52 UTC