S&P 500 falls as Trump renews China trade war threat

US equities reversed morning gains after President Donald Trump said that China had "totally violated" a trade truce agreement reached two weeks ago, reviving concerns that Trump will press forward on with his tariff plans. Nvidia slumped as did the rest of the magnificent seven though they mostly were off their session lows near 1.45pm in New York. Bloomberg reported that the Trump administration plans to broaden restrictions on China's tech sector with new regulations to capture subsidiaries of companies under US curbs. Loading…