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Why IonQ Stock Is Plummeting Today

TheMotleyFool

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Shares of IonQ (NYSE: IONQ) had lost 6.3% as of noon ET today. The drop came as the S 500 (^GSPC) lost 1.5%, and the Nasdaq Composite (^IXIC) lost 1%.

Tariff fears drove the move in IonQ. President Donald Trump upped the ante in escalating trade tensions between the U.S. and China, Canada, and Mexico, and the additional tariffs imposed on China could impact IonQ's bottom line.

Trump on Tuesday enacted 25% tariffs on goods imported from Canada and Mexico, and increased tariffs on goods from China.

Source Fool.com

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