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Monday, June 22, 2020

Dow futures briefly sink 400 points as Trump trade adviser declares China trade deal ‘over,’ then walks it back

U.S. stock-index futures Monday night briefly skidded by more than 400points, after White House trade adviser Peter Navarro implied to FoxNews in a late-Monday interview that a hard-fought trade agreement thatwas signed with China in January had been terminated by President Donald Trump.

Later, Navarro said his comments were taken out of context andthe phase-one pact remained in force. Trump also tweeted that the agreement was intact.

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Dow futures briefly sink 400 points as Trump trade adviser declares China trade deal ‘over,’ then walks it back - MarketWatch