Stocks slump as US-China trade tensions escalate yet again

Stocks fell on Friday as trade tensions resumed between China and the US after President Trump suggested he could cancel upcoming negotiations in September. While speaking to the press at the White House, Trump told reporters that he wasn't ready to make a deal with China. The president also said the US would officially sever ties with Huawei, a Chinese telecommunications company at the center of the trade war. Visit the Markets Insider homepage for more stories.

Stocks fell on Friday as trade tensions resumed between China and the US after President Trump suggested he could cancel upcoming negotiations in September. While speaking to the press at the White House, Trump told reporters that he wasn't ready to make a deal with China. The president also said the US would officially sever ties with Huawei, a Chinese telecommunications company at the center of the trade war. Visit the Markets Insider homepage for more stories.

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