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Dow tumbles 328 points amid trade war fears

An aerial view of the New York Stock Exchange's trading floor.
An aerial view of the New York Stock Exchange's trading floor. Photo: Getty Images

The Dow closed down 328 points Monday, following news that President Trump plans to further crack down on Chinese investment in major U.S. tech companies by blocking additional technology exports to Beijing.

Yes, but: Trump's trade adviser Peter Navarro told CNBC that the market overreacted to the news, adding: “There’s no plans to impose investment restrictions on any countries that are interfering in any way with our country. This is not the plan.”