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Reuters ahead in reporting U.S. will hit $300 billion worth of Chinese goods with 10% tariff; markets react

Reuters ahead in reporting U.S. will hit $300 billion worth of Chinese goods with 10% tariff; markets react

Reuters was ahead in reporting that U.S. President Donald Trump had decided to impose a 10% tariff on $300 billion worth of Chinese imports on September 1. Following the unexpected announcement, U.S. stock prices fell into negative territory, the dollar weakened, oil prices plummeted and prices for U.S. government debt shot higher, with the yield on the 10-year Treasury note dropping close to a three-year low.