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.

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