US-China Trade Deal Uncertain, Stock Market Dives

A massive trade deal with China is now in jeopardy, causing stocks to plummet.

President Trump seemed optimistic just last Friday as talks of a trade deal with China looked bright.

But now, the White House says trade deals are headed in the wrong direction.

President Trump is now threatening to significantly raise tariffs on Chinese goods if a deal is not met.

The stock market reacted with the Dow dropping nearly 500 points, the second highest drop of the year.

China is expected counter with tariffs of their own.

The Chinese vice premier is coming to Washington Thursday for an 11th round of trade talks.