Global stocks tumble, yen rallies as U.S. and China escalate trade war - News Daily

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Friday, August 23, 2019

Global stocks tumble, yen rallies as U.S. and China escalate trade war

By Rodrigo Campos NEW YORK (Reuters) - Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods. China's Commerce Ministry said in a statement early on Friday it would impose tariffs on about $75 billion in imports from the United States including some agricultural products, crude oil and small aircraft

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