The Street reports:
Stocks finished lower on Friday, March 23, as Wall Street fought to recover following sharp losses after Donald Trump moved to slap tariffs on up to $60 billion worth of China-made goods and China reciprocated saying it would target imports from the United States.
The Dow Jones Industrial Average was down 424 points, or 1.77%. The S&P 500 fell 2.10% and the Nasdaq was down 2.43%.
The first definitive steps toward a global trade war hammered stocks in Asia, pulling Japan’s Nikkei 225 down 4.5% and to a five-month low, after Trump suggested his tariffs were the “first of many” and China declared that it was “not afraid” of going head-to-head with the U.S. European stocks traded lower on Friday.