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Stock market news: US stocks fall on Trump China tariff commentary

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Stocks in the US fell to session lows Wednesday after President Donald Trump told reporters that he was “talking” about leaving tariffs on China for a prolonged period of time.

“We’re not talking about removing, we’re talking about leaving them for a substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal,” he said.

The Dow Jones industrial average, S&P 500, and Nasdaq Composite all fell nearly 1% before briefly recovering.

“Not what we wanted to hear,” said Peter Boockvar, the chief investment officer at Bleakley Advisory Group, in a note to clients following Trump’s comments.

This story is developing. Please check back for updates.

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