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After the Trump administration’s announcement to impose tariffs on $200 billion worth of Chinese goods, the stock markets went down on many points. The White House finally made the decision regarding the new tariff plans on Chinese imports after generating many threats before.

The shares like Nasdaq and S&P 500 indicated negative scores whereas Dow futures went down up to 100 points. These records came after the announcement made by the U.S. regarding the imposing of 10 percent tariffs on Chinese goods worth $200 billion.

The composite indexes of Nasdaq and S&P 500 were down to 0.4 percent and 2.6 percent respectively after the decision came into being on Monday night. But they took off 0.6 and 1.4 percent afterward, respectively.

The rise in tariffs level will take place at the end of the year from 10 to 25 percent. It is 10 percent tariffs for now on Chinese imports. This decision made by the States has fueled the trade war between the two largest economies of the world.

The products like smart watches, bicycle helmets, chairs, or chemicals are excluded from the tariffs list.

The announcement was made public after Lord Kudlow, National Economic Council Director made the statement that President Donald Trump was not happy with the trade talks held with Beijing.

The U.S. President is also thinking of imposing more tariffs on another $250 billion on Chinese imports. On the other hand, Beijing has also decided of its own to impose sanctions as well.

While the reports are also coming that the trade talks will restart between the two countries once again. For now, the U.S. government has imposed 10 percent tariffs on Chinese goods up to $200 billion. The tariffs level will rise to 25 percent at year-end.