Soon after the US President Donald Trump confirmed the US-China trade talks did not meet his expectations, the Dow Jones stock index lost a little under 200 points on Tuesday, reported The Guardian. Trump told the media: “There is no deal. We’ll see what happens.”
Chinese foreign ministry spokesman Lu Kang stated: “Given the increasing interaction between the two countries, we cannot assure you they will not encounter more frictions or disputes in the future.”
The Dow Jones industrial average suffered a loss of 178.88 points to close at 24,834.41. The S&P 500 fell 0.3% to 2,724.44. The Nasdaq composite had a 0.2% loss to close at 7,378.46. The losses, which came after a 300-point gain a day earlier on optimism that a trade war had been at least temporarily averted, came amid growing signs of discord within the US negotiating team.
After the turn of events, it is uncertain if the 12th June summit in Singapore that is set with North Korea will take place.