“We don’t need China and, frankly, would be far better off without them... Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA,” Trump tweeted.
"Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE... all deliveries of Fentanyl from China... Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!."
Given the possibility that Trump's trade war will get worse, the NASDAQ Composite, Dow Jones Industrial (DJI) Average and the S&P 500, which are the three major U.S. stock indexes, closed Friday's session sharply lower.
"The latest exchanges in the long-running tariff row triggered a broad-based sell-off that hit shares of companies with high exposure to China the hardest, such as chipmakers and other top technology names," Reuters explained and reported that Intel Corp dropped by 3.9 percent and Apple by 4.6 percent.
The trade war Trump once called “easy to win’’ is proving to be more difficult and economically damaging than the president envisioned. Tariffs on Chinese goods have been met with reciprocal levies, hurting American farmers and companies and contributing to a global slowdown. pic.twitter.com/fpeiVkLRwO