Chinese Imports: President and Tariffs

chinese imports: The Dow Jones Industrial Average DJIA, -1.79% shed 66 points, or 0.3%, to finish around 26,438, based on preliminary numbers, according to Market Watch. The Nasdaq Composite COMP, -1.96% was down 0.5% to finish around 8,123. The S&P 500 SPX, -1.65% fell 0.4% to end near 2,932. U.S. equities initially came under pressure after President Donald Trump threatened to raise tariffs on 200 billion of Chinese imports on Friday to 25% from 10%. The President also said he could slap tariffs on the remaining 325 of untaxed Chinese goods. In company news, shares of Kraft Heinz Co. Equities have gradually recovered since the beginning of the session as investors tried to gauge whether President Donald Trump's threat to raise tariffs represents a re-escalation of trade tensions or a short-term negotiating tactic before a final trade deal. (news.financializer.com). As reported in the news.