New Tariffs Effect On Wall Street

A slide in Apple and Amazon led the S&P 500 and Nasdaq indexes lower on Monday on expectations that President Donald Trump was about to go ahead with new tariffs on $200 billion of Chinese goods and that Beijing would retaliate. Reuters reports a July list of products to be covered by the new tariffs included a range of internet technology products, printed circuit boards and other electronics, putting the focus on the impact on big U.S. tech players.