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The US stock market closed down on Tuesday, due to uncertainty in the US China trade negotiations and lower energy shares and industrial stocks.
President Trump said on Tuesday that he was not satisfied with the recent US China trade negotiations and said earlier that he had not reached a deal with China's 000063.SZ sanctions.
Trump proposed a plan to impose a fine on ZTE and reorganize its management, before the Trump administration was considering the revocation of ZTE's severe punishment because ZTE's exports to Iran violated the U. S. sanctions order.
Trump also said that "it is likely" that the summit with North Korean leader Kim Jeong-eun will not be held as scheduled in June 12th.
U. S. Treasury Secretary n chin said on Sunday that the two countries "suspended" trade war and agreed to hold further consultations to increase U.S. exports to China after the United States and China agreed to put aside the tariff threats and to work on a broader trade agreement.
"As the trading day goes on, Trump's comments on North Korea, and China did not deal with ZTE, let people return from yesterday's excitement to the reality that trade issues won't end as quickly as many people think," SlateStone Wealth LLC chief investment strategist and senior portfolio manager Robert Pavlik Express。
"So the stock market has fallen," he said.
Industrial stocks fell 1.3%, the biggest single day percentage increase in nearly two months on Monday, due to a truce in trade wars, and the energy index also fell 1.3%.


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