US open: Losses on the Street following China tariff announcement

US stocks opened to losses on Friday as relations between the US and China soured again, renewing fears of a trade war. At 1600 BST, the Dow Jones Industrial Average was down 0.85% to 24.961.26, while the S&P 500 had lost 0.44% to 2,770.13 and the Nasdaq dropped 0.42% to 7,728.65 after China vowed to retaliate quickly following news that Donald Trump had approved $50bn-worth of tariffs on the import of goods from China. The approval followed a 90-minute meeting on Thursday of Senior White House ...

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