Via FTAlphaville:
Just days after President Trump broke bread with Chinese president Xi Jinping in Buenos Aires and agreed to a ceasefire in the US-China trade war, Trump tweeted that his administration is working closely “on seeing whether or not a REAL deal with China is actually possible”. If not, the self-proclaimed “Tariff Man” warned that new levies could soon be on the table.
Roughly two hours after those mid-morning tweets, US markets tanked. The Dow plunged more than 800 points. And the S&P 500 closed down 3.24 per cent, it’s biggest one-day decline in two months.
