Tesla, chip stocks Intel, Qualcomm tumble as China's retaliation stokes fears of widening trade war

U.S. chip companies, banks, and oil majors experienced significant declines following China's retaliatory tariffs in response to Trump's export duties. The trade war escalated with additional tariffs and export controls, affecting supply chains, increasing prices, and decreasing demand across multiple sectors, including technology, natural resources, and agriculture.

from Stocks-Markets-Economic Times https://ift.tt/8I4hBW1