U.S. stocks slid Monday as escalating trade tensions between the U.S. and China weighed on investors' appetite for risk. The Dow Jones Industrial Average was down 0.4%. The S&P 500 dropped 0.2%, while the Nasdaq Composite fell less than 0.1%. President Donald Trump approved tariffs of 25% on about $50 billion of Chinese goods on Friday, prompting Beijing to hit back by announcing the country would levy penalties on hundreds of U.S. goods. The moves exacerbate concerns among investors that the world's two biggest economies could descend into a trade war. Rising frictions in international trade in recent months already have instilled uncertainty in global markets, which are experiencing one of their most volatile stretches in years. Concerns about the fate of the North American Free Trade Agreement and tariffs that the Trump administration imposed on European allies also are adding to investor anxiety. The US gold price was down 0.1% to 1,277.90/t
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