Stocks took a beating Thursday, with the Dow Jones industrial average dropping 723 points amid worsening fears of a trade war. The drop came as President Donald Trump announced new tariffs on nearly $60 billion worth of Chinese goods. Trump insists the tariffs stop other countries from taking advantage of America.
Some goods on which the Chinese government raised tariffs Monday.
25 PERCENT TARIFFS
Most goods targeted for 25 percent tariffs are varieties of pork, for which China is the No. 3 American export market.
PORK
Fresh and chilled bone-in pork forelegs and hind legs, chilled whole and half hog heads, pork liver, chopped pork, other fresh and chilled pork
ALUMINUM
Scrap aluminum
15 PERCENT TARIFFS
Chinese regulators also imposed 15 percent duties on apples, almonds and dozens of types of fruit.
FRUIT
Apples, fresh or dried; coconut, fresh and dried; bananas, fresh or dried; pineapple; pomegranates; mangos; grapefruit; grapes; watermelon; cherries; strawberries; dried apricots
NUTS
Brazil nuts, cashews, almond kernels, walnuts, macadamia nuts, pine nuts
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WINE
Sparkling wine
HERBS
Ginseng
PIPES
Stainless steel and alloy pipe used for petroleum or natural gas, multiple diameters
