US stocks are tumbling on US-China jitters as Trump signals trade-war tariffs are just getting started | Markets Insider

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One word rescued the stock market from disaster on Friday

Reuters

The stock market started rebounding after Treasury Secretary Steven Mnuchin said trade talks with China were"constructive."All it took was one word to rescue the stock market from disaster: constructive. "Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products," Trump wrote in a series of tweets early Friday morning."The process has begun to place additional Tariffs at 25% on the remaining 325 Billion Dollars."

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