Surprise threat from Trump to raise tariffs sinks stocks

Staff Writer

NEW YORK (AP) — U.S. stocks fell in morning trading Monday, following a sell-off in Europe and Asia, after President Donald Trump threatened to escalate a trade war between the world’s two largest economies.
Investors have been expecting the U.S. and China to resolve their damaging trade dispute, with the two sides set to meet this week in Washington. Hopes for an accord have contributed to the big run-up in stock prices in the U.S. and China so far this year.
The latest threat shifted stocks into reverse Monday after the S&P 500 and Nasdaq indexes set records last week.
The Dow Jones Industrial Average fell 195 points, or 0.7%, as of 11:22 a.m. It was down as much as 471 in the first few minutes of trading. The S&P 500 index dropped 0.8% and the Nasdaq slid 0.9%...To read more, please refer to our print or online edition.