by Evan Wilt
Posted 3/23/18, 11:12 am
WASHINGTON—President Donald Trump’s decision to impose $50 billion worth of tariffs on Chinese imports spooked markets Thursday. The Dow Jones industrial average plunged 700 points but showed signs of improvement Friday morning. International exchanges dipped, too. After Trump’s announcement, Hong Kong’s Hang Seng Index dropped 2.5 percent, and in Japan, the Nikkei 225 stock average slumped 4.5 percent. European markets also reacted poorly with the Stoxx Europe 600 dropping 1.1 percent Thursday.