Dow Sinks After News Of China’s New Tariffs

(CNN Money) — Stocks plummeted then pulled back somewhat on Wednesday after trade tensions between the United States and China reached a boiling point.
The Dow fell about 100 points after tumbling as much as 500 points at the open. Wary investors sold off industrial giants with heavy exposure to China. The S&P 500 slipped less than a half percentage point, and the Nasdaq turned slightly positive.
The Chinese Ministry of Commerce said Wednesday that it plans to impose a 25% tariff on $5