Stocks slump as Trump says trade deal with China can wait

U.S. stocks fell sharply in early trading Tuesday after President

Wall Street is also weighing the potential for an expanded series of trade disputes after a month of relative calm. On Tuesday, Trump proposed tariffs on $2.4 billion in French products in retaliation for a tax on global tech giants including Google, Amazon and. That follows a threat Monday to raise tariffs on steel and aluminum from Argentina and Brazil.

Bank stocks also suffered heavy losses as investors headed for the safety of bonds and pushed yields lower. Banks rely on higher bond yields to charge more lucrative interest rates on mortgages and other loans. The yield on the 10-year Treasury fell sharply, to 1.74% from 1.83% late Monday.Utilities and real estate companies held up the best as investors shifted money to the safe-play sectors.

ECONOMIC WATCH: Wall Street still has a busy week ahead for some key economic gauges following disappointing manufacturing and construction data on Monday.

Every time Trump opens his trap on tariffs, the markets crap; he and closed friends are making bundle.

The next President will re-regulate the Media & breakup the Billionaire owned 'News'. I will push to hold 'News' anchors accountable for ignoring the American Genocide now in progress. Dem's just backed GOP Austerity & Trump just cut food stamps.

The earlier Donald Trump is removed from his Presidential post, the safer will our entire world and economy be including the US of A. The world cannot afford to have such a maverick and whimsical joker run the world's no 1 and a strong country like USA.

Idiot

He's just market manipulating. He gives zero fucks about anything but money.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Stocks Drop After Trump Signals Further Delays to China DealStocks fell Tuesday after President Trump signaled that he might be willing to wait to strike a trade deal with China until after the U.S. elections next year. Europe will place 100% tariffs on Apple, Ford and agricultural products from the US. Farming in America will be wiped out. China no longer buying, Europe no longer buying. they will come back ; always do; time to buy for the brave
Source: WSJ - 🏆 98. / 63 Read more »

U.S. Stocks Slide After Trump Signals Further Delays to China DealMajor U.S. stock indexes slid, with the Dow industrials down more than 300 points, after Trump spurred worries an end to the trade war may be further delayed. He plays the market. Manipulation. Does China make a ton of cheese or something? What's with the photo?
Source: WSJ - 🏆 98. / 63 Read more »

Global stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares rose on Monday and oil rebounded after upbeat China manufacturing ... Yes, trade talk hopium. News has been 100% negative, but hope for good news makes equities soar! Love this market!!!!!! Ah, it's the central bank & Corporate intervention..but ok, trade cover sounds better The CCP's propaganda is not credible, because China's stock market is controlled by the government!
Source: Reuters - 🏆 2. / 97 Read more »

Stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares shuffled marginally higher on Monday to stand just short of the re... That market seems to be based upon rumor, rather than fact.
Source: Reuters - 🏆 2. / 97 Read more »

Picking Chinese Stocks in the Trump EraThe nature of China’s economic slowdown has changed. Understand how and investors have a better chance of putting their money on the right stocks when it becomes clear whether the White House and Beijing can settle their differences on trade.
Source: WSJ - 🏆 98. / 63 Read more »