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Stocks fall as US-China trade war reignites after Trump threatens tariff hike

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6 hours ago

A trade spat between the U.S. and China erupted Friday, sending U.S. stocks spiraling, with all three of the major averages down over 1% midday and on pace for the worst session since August. The Dow Jones Industrial Average was off more than 700 points in afternoon trading. Still, all three of the major benchmarks remain near record highs. Sources tell FOX Business that President Donald Trump is "pissed off" after a briefing about China's new announcement of export controls. Now, a meeting between Trump and Chinese President Xi Jinping due to take place in South Korea in two weeks, is likely...

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6 hours ago
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