The Dow Jones saw a steep drop of 700 points following a threat from Beijing to slap new tariffs on billions of dollars in American goods – and a harsh response from US President Donald Trump – amid an ongoing trade dispute. The precipitous fall in the Dow on Friday came after China unveiled its response to Washington’s latest tariffs, vowing to impose penalties on $75 billion in American products. President Trump responded in a volley of tweets slamming Beijing for underhanded trade practices, and threatened to cut off all business ties with the country, sending markets further into panic. “We don’t need China and, frankly, would be f
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