Stocks sink Friday morning as US-China talks fail
- Alexangel Ventura
- May 30
- 1 min read
Stocks have sunken Friday morning in response to news that talks between the United States and China have failed.
The S&P 500 is currently down 0.2% and the Nasdaq is down 0.3%, as of 11:32 AM EST. Most of the Mag. 7 stocks with the exception of Tesla have fallen in share price as the market pushed on.
Trump announced the failed talks on Friday on a Truth Social post reading, "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" Earlier, Sec. of Treasury Scott Bessent stated on Fox News that the talks are "a bit stalled." U.S. Trade Representative Jamieson Greer claimed that the Chinese have been "slow rolling their compliance."
Previously, the two economic hegemons clashed in a trade war involving triple-digit tariff threats. If these tariffs were to be passed, significant increases to price and goods disruptions will take into effect. So, investors reacted negatively as in a consensus in reaction to trade negotiations failing, as of now.
