The US stock market collapsed after the escalation of the trade war with China

Major US stock indexes responded by falling to the decision of the Chinese authorities to increase duties on several thousand types of goods imported from the United States. After the opening of trading on May 13, the value of the Dow Jones Industrial Average (DJIA), S & P 500 and NASDAQ Composite indices fell by more than 2%.
At the peak of the fall, the value of the DJIA index fell below 25,400 points, which was the lowest value since mid-March 2019. Compared with the previous closing DJIA lost more than 500 points. At the same time, all 30 companies taken into account when calculating the index were in the red zone.
The S & P 500 and NASDAQ Composite indices also showed a strong decline, while the NASDAQ value fell by more than 3%, which, according to MarketWatch, was the worst figure since December 21, 2018.
Prior to the opening of trading on the US exchanges, the Ministry of Finance of the People's Republic of China announced the introduction of higher duties on several thousand types of goods imported from the United States totaling $60 billion.
Earlier, US President Donald Trump threatened China that an attempt to revenge would worsen his situation.
Now the market is awaiting a response from the White House. Most analysts are skeptical and doubt the possibility of a quick solution to the conflict.

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