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Stock impact report

Trump ramps up trade war with $200 billion list of China duties [MSN Money]

ING GROUP (ISF) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: MSN Money
© Provided by Reuters   The Trump administration pushed ahead plans to impose tariffs on an additional $200 billion in Chinese goods by releasing a list of targeted products, escalating a trade war that may soon directly hit American consumers.  Hours later, China’s Commerce Ministry described the U.S. move as totally unacceptable and said it will be forced to retaliate. The statement on its website Wednesday didn’t give details of what retaliatory measures it plans. Load Error The U.S. move sent markets skidding in Asia as Chinese stocks tumbled and the yuan weakened. The Shanghai Composite Index was down 1.9 percent, while Hong Kong’s Hang Seng Index slid 1.4 percent. The yuan dropped 0.36 percent to 6.6646 per dollar. The 10 percent tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative’s office Tuesday. The proposed list of goods includes consumer items such as clothing, televisio Show less Read more
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