Stocks are dropping sharply after President Trump threatened more tariffs against China. The escalation of tensions came as investors were hoping the long-running trade war between the world’s two biggest economic powers might be winding down. (May 6) AP, AP
Stocks that fall by the tweet can also rise by the tweet.
U.S. markets ended roughly flat Wednesday as a late bout of selling offset a modest rebound after President Trump voiced optimism that a deal with China is possible as early as this week. American and Chinese officials are set to resume trade negotiations in Washington Thursday.
“China has just informed us that they (Vice-Premier) are now coming to the US to make a