The flare-up in trade tensions between the two countries resulted in global stocks realizing their sharpest declines of the year, wiping more than $1 trillion from stock values around the world Monday.
The Trump administration has this week formally began a proposal to slap another $300 billion Chinese imports with a potential duty of up to 25% tariffs. No final decision has yet been made.
The ACWI Index fell nearly 2% from Friday, May 10th
North American stocks fell by 2.4%
European stocks fell by 2.4%
Emerging Market stocks dropped by 1.64%