Wall Street Falls Again On Trade Worries

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2018-03-15 HKT 04:59

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  • The US announced Wednesday it was taking action at the World Trade Organization against Indian export subsidies. Image: Shutterstock

    The US announced Wednesday it was taking action at the World Trade Organization against Indian export subsidies. Image: Shutterstock

Wall Street stocks tumbled again on Wednesday on rising worries that the Trump administration's trade policies could ignite a global trade war.

The Dow Jones Industrial Average fell 1.0 percent to 24,758.12, its third straight decline.

The broad-based S&P 500 fell 0.6 percent to 2,749.48, while the tech-rich Nasdaq Composite Index shed 0.2 percent to 7,496.81.

The US announced Wednesday it was taking action at the World Trade Organization against Indian export subsidies.

The move comes as the White House is also considering slapping tariffs on billions of dollars in Chinese imports, particularly in the tech and telecommunications sector, in response to alleged improper practices involving American intellectual property.