Wall Street falls on report U.S. to go ahead with China tariffs

U.S. stocks reversed course on Friday to trade lower after Bloomberg reported that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products.

This move comes despite U.S. Treasury Secretary Steven Mnuchin`s attempt to restart talks with Beijing to resolve the trade war.

At 12:09 a.m. ET the Dow Jones Industrial Average was down 27.09 points, or 0.10 percent, at 26,118.90, the S&P 500 was down 3.31 points, or 0.11 percent, at 2,900.87 and the Nasdaq Composite was down 13.73 points, or 0.17 percent, at 7,999.98.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)