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Shares dive on commerce warfare fears after China sanctions

NEW YORK — Shares plunged Thursday after the Trump administration slapped sanctions on items and funding from China. The Dow Jones industrial common dropped greater than 700 factors as buyers feared that commerce tensions between the world’s largest economies would escalate.

The deliberate sanctions embody tariffs on $48 billion price of Chinese language imports in addition to restrictions on Chinese language investments. Trump mentioned he’s taking these steps in response to theft of American expertise, and the Chinese language authorities mentioned it is going to defend itself. Buyers are nervous that commerce tensions would damage U.S. firms and hurt the world financial system.

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