US retailers fall; China retaliates with 34% import tariffs

Shares of U.S. retailers fall in early trade

China retaliates with 34% import tariffs on all U.S. goods in response to "Liberation Day" levies imposed by President Donald Trump on Wednesday

New tariffs announced by Trump on countries in Asia include Vietnam, Indonesia and China, which are key manufacturing hubs for products such as apparel, home goods and electronics

Shares of big-box retailers Walmart WMT.N and Target TGT.N down about 2% each

Shares of home improvement retailers Home Depot HD.N and Lowe's LOW.N down 0.7% each, while online furniture retailer Wayfair W.N down 9.8%

Shares of toymakers Mattel MAT.N down 4.1%, while Hasbro HAS.O down 5%

Shares of department stores Kohl's KSS.N and Macy's M.N down 6% and 3%, respectively

Shares of electronics retailer Best Buy BBY.N down 5.3%

Shares of Dollar Tree DLTR.N down 3%

S&P 500 index .SPX down 3.2%, while S&P 500 Consumer Staples index .SPLRCS down 0.4%, and S&P 500 Consumer Discretionary index .SPLRCD down 3.3%