*By Michael Teich*
Trade tensions between the U.S. and China are reaching new heights after the Trump administration proposed tariffs on an additional $200 billion worth of Chinese imports.
Stocks fell sharply on the news, with the Dow Industrials closing Wednesday down nearly 220 points. But some investors think the pullback could be an opportunity for investors.
"Put money to work today," said Kate Warne, Investment Strategist at Edward Jones. "The market is reacting to headline announcements."
"This is really a negotiating posture, rather than something that will go into effect."
Despite accelerating trade fears, Wall Street's attention should shift to corporate earnings season, according to Warne.
"Earnings will be a catalyst for stocks to move higher," she said. "It matters more than the trade tensions, in terms of the outlook for the market."
Banking giants JPMorgan and Citigroup report second quarter earnings on Friday. Netflix releases its results after the bell on Monday.
For the full segment, [click here.](https://cheddar.com/videos/this-is-the-reason-to-buy-the-next-market-dip)
In a defeat for gay rights, the Supreme Court's conservative majority ruled Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.
House Republicans are divided as they prepare impeachment proceedings against President Joe Biden. Florida Gov. Ron DeSantis said he will eliminate several government agencies if elected. And the White House confirmed that President Biden is using a CPAP machine to deal with sleep apnea.
The Supreme Court ruled Thursday that colleges and universities must stop considering race in admissions, forcing institutions of higher education to look for new ways to achieve diverse student bodies.
Former President Donald Trump is trying to turn the tables on the advice columnist who won a $5 million jury award against him in a sexual abuse lawsuit, saying in a countersuit that she owes him money and a retraction for continuing to insist she was raped even after a jury declined to agree.
Former president Donald Trump continued to deny wrongdoing amid his investigations and criminal case as House Speaker Kevin McCarthy faced criticism for his backtrack on his support for Trump.
