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Victoria's Secret's Shared Fall After China Announces New Tariffs

Credit: Wochit News
Published on May 14, 2019 - Duration: 00:32s

Victoria's Secret's Shared Fall After China Announces New Tariffs

China announced it would create tariffs on $60 billion of U.S. goods starting in June.

The announcement comes after Trump raised duties to 25 percent on $200 billion worth of Chinese products.

According to Business Insider, Chinaโ€™s announcement caused U.S. stocks to drop.

Fashion companies like Victoriaโ€™s Secret saw their shares fall more than 5 percent.

Investors feat that higher tariffs will increase the costs of shipping merchandise to and from China.

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Victoria's Secret's Shared Fall After China Announces New Tariffs

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8, 2018, FILE PHOTO

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