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FALLING DOWN

Dow Dips 300 Points as Trade Tensions Escalate

The Dow Jones industrial average is on pace to suffer a six-day losing streak.

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SHANNON STAPLETON/REUTERS / Reuters

The Dow Jones industrial average fell 300 points Tuesday amid growing fears of a trade war between the U.S. and China. Tuesday’s drop negated all of the Dow’s gains this year. Other market indexes also fell Tuesday, with the S&P 500 dropping 0.6 percent and the Nasdaq Composite dropping 0.8 percent. Trump announced new tariffs on Chinese products last week, slapping 25 percent duties on a host of goods. Beijing retaliated and Trump threatened even more tariffs on Chinese goods. The Trump administration has previously touted economic gains as one of the president’s greatest achievements.

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