US stocks open lower as Dow Jones sheds 600 points

US stocks opened lower today as the global economic slowdown concerns increased, despite United States' efforts to calm the markets yesterday.

Bond yields in both the United Kingdom and the United States have sharply fell, which global markets interpret as a sign of a near global recession.

Trump’s administration decided yesterday to delay the decision to impose a 10% tariffs increase on Chinese imports worth $300 billion to mid-December as the US Trade Representative's office said, instead of September 1st.

US released data today which showed that import prices rose 0.2% in July.

As of 15:13 GMT, Dow Jones fell by 2.3% or about 600 points to 25,686, Nasdaq fell by 2.5% about 200 points to 7,816, and S&P 500 fell by 2.3% or 67 points to 2,859.