Dow sinks more than 400 points as trade jitters continue

New York (CNN Business)The Dow’s losses are deepening as the latest back-and-forth in the US-China trade weighed on global markets. China’s Commerce Ministry said it considered countermeasures to the increased tariffs. Meanwhile, Chinese Vice Premier Liu He arrived in Washington, which market participants took as a glimmer of hope for a deal to be struck between the world’s two largest economies. Ongoing negotiations, additional tariffs from the US and retaliation from China could prove to be a prolonged headwind for US companies, said ratings agency Fitch on Thursday. Tech and industrials businesses were the most vulnerable to retaliatory actions, Fitch said, pointing at the likes of Boeing (BA), Intel (INTC) and Texas Instruments (TXN) as examples. The additional tariffs and …