The Dow Jones Industrial Average was down over 400 points in the early market open Tuesday, making it the sixth straight day the Dow has posted losses.
The latest threat by U.S. President Donald Trump to impose an additional round of tariffs on another $200 billion worth of Chinese goods was proposed “if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced.”
Related: Dow Down 400 Points: Impact of Trade Tensions
It’s the latest blow by the Trump administration in escalating trade tensions with China after it was announced last Friday that the U.S. would impose a 25 percent tariff on over $50 billion worth of Chinese goods. The Chinese Commerce Ministry responded like-kind with a 25 percent tariff on $34 billion worth of U.S. goods.