Dow plunges 600 points as China hikes tariffs on US goods

An escalating trade war between the US and China threw the stock market into chaos early Monday.

The Dow Jones industrial average plunged more than 600 points after China said it will hike tariffs on $60 billion worth of US goods — a tit-for-tat response to President Donald Trump’s hike of tariffs on $200 billion in Chinese goods last week.

China said it will impose tariffs on its US imports of to up to 25 percent on June 1. Many of the items, which had been subject to 10 percent tariffs, affected the US agricultural industry.

The Dow was recently off 632.62 points, or 2.4 percent, at 25,309.75. Market indexes were all down sharply as of 11:38 am ET, with the S&P 500 and tech-weighted Nasdaq plunging 2.4 percent and 3.2 percent, respectively.

Source: Dow plunges 600 points as China hikes tariffs on US goods

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Tick alert: May is Lyme Disease Awareness Month

AUGUSTA (Sun Journal) — Welcome to the start of tick season. May is Lyme Disease Awareness Month in the United States, and the Maine Center for Disease Control and Prevention has issued a reminder that everyone be “tick aware and tick alert,” especially as the days get warmer. Maine game wardens are definitely seeing ticks, according to spokesman John MacDonald. Ticks like damp, wet grass and woods. The National Weather Service said Tuesday that Maine in April received 5.

Source: Tick alert: May is Lyme Disease Awareness Month

Oil Market: OPEC output rises, US sanctions on Iranian oil in focus

Oil prices dipped on Friday on hopes that producer club OPECwill soon raise output to make up for a decline in exports from Iran following a tightening of sanctions on Tehran by the United States.

Brent crude futures were at $74.16 per barrel at 0223 GMT, down 19 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $64.83 per barrel, down 38 cents, or 0.6 percent, from their previous settleme

Source: Oil Market: OPEC output rises, US sanctions on Iranian oil in focus