Dow Jones: China and Chinese Goods

dow jones: China retaliated by lowering its currency below a key level, according to Market Watch. The Dow Jones Industrial Average DJIA, -0.09% fell almost 1,000 points before paring losses. It started last week when President Trump announced the imposition of new duties on 300 billion worth of Chinese goods. The U.S. responded by declaring China a currency manipulator. Then China attempted to defuse the situation by saying it's not a currency manipulator. Dow futures slumped another 600 points. (news.financializer.com). As reported in the news.