*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)
Israel rolled tanks into northern Gaza for what the military called a targeted raid aiming to destroy Hamas infrastructure. Meanwhile, the UN Security Council failed to pass two separate resolutions proposed by the U.S. and Russia on humanitarian aid for civilians in Gaza.
Republican Mike Johnson is the new speaker of the House, but the ally of Donald Trump inherits many of the same political problems that have tormented past GOP leaders.
President Joe Biden on Wednesday spoke out against retaliatory attacks by Israeli settlers against Palestinians in the West Bank in the aftermath of the Oct. 7 Hamas attacks on Israel. He also says he's redoubling his commitment to working on a two-state solution.
The U.N. warned on Wednesday that it is on the verge of running out of fuel in the Gaza Strip, forcing it to sharply curtail relief efforts in the territory blockaded and devastated by Israeli airstrikes since Hamas militants launched an attack on Israel more than two weeks ago.
The judge in Donald Trump’s civil fraud trial fined the former president $10,000 on Wednesday, saying Trump violated a limited gag order barring personal attacks on court staffers.
Republicans eagerly elected Rep. Mike Johnson as House speaker on Wednesday, elevating a deeply conservative but lesser-known leader to the seat of U.S. power and ending for now the political chaos in their majority.
With mail theft and postal carrier robberies up, law enforcement officials have made more than 600 arrests since May in a crackdown launched to address crime that includes carriers being accosted at gunpoint for their antiquated universal keys, the Postal Service announced Wednesday.
