Major US equity indices opened sharply lower on Tuesday and were being weighed down heavily by intensifying US-China trade tensions. The US President Donald Trump, late Monday, asked his administration to identify $200 billion worth of Chinese goods that will be subject to additional tariffs of 10%. Trump also threatened to find $200 billion more worth of goods if China tried to retaliate against those additional tariffs. Adding yet another layer to trade tensions, the Senate passed legislation on Monday to reinstate a ban on sales of US components to ZTE Group, despite efforts by Trump to spare the Chinese telecommunications company. This marked the latest development in escalating trade tensions between the world’s two largest economies and unsettled investors across global financial markets. The blue-chip Dow Jones Industrial Average (DJIA) declined for the sixth consecutive session, its longest losing streak since March 2017 and has now erased all of its YTD gains. At the time of writing this report, the DJIA was down around 300-points to 24,675 and the broader S&P 500 Index lost nearly 20-points to 2,754. Meanwhile, tech-heavy Nasdaq Composite Index declined over 50-points and slipped back below the 7,700 round figure mark. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Riksbank seen on hold in July – Danske Bank FX Street 5 years Major US equity indices opened sharply lower on Tuesday and were being weighed down heavily by intensifying US-China trade tensions. The US President Donald Trump, late Monday, asked his administration to identify $200 billion worth of Chinese goods that will be subject to additional tariffs of 10%. Trump also threatened to find $200 billion more worth of goods if China tried to retaliate against those additional tariffs. Adding yet another layer to trade tensions, the Senate passed legislation on Monday to reinstate a ban on sales of US components to ZTE Group, despite efforts by Trump to spare the Chinese… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.