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Live updates: What happens to the US economy



Dow dropped more than 300 points, or 1.2% today, after President Trump released a series of tweets expressing frustration at China and the US central bank.

Trump said he will respond to China's latest customs move "this afternoon."

Beijing earlier today unveiled a new $ 75 billion tariff round in US imports, including soybeans and crude oil.

"Our major US companies are hereby ordered to start looking for an alternative to China," Trump tweeted.

Trump also expressed anger at Federal Reserve leader Jerome Powell. Powell in a speech today did not indicate whether the central bank has plans for another interest rate cut. Trump has asked for further cuts to prices.


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