Trade war fears are crushing stocks, and sell-off could keep going if there is no deal by Friday
Traders work on the floor of the New York Stock Exchange as the Federal Reserve Board Chairman Jerome Powell holds a information convention on December 19, 2018 in New York City.
Spencer Platt | Getty Images News | Getty Images
Investors are concerned the U.S. and China may additionally now not discover ample common floor to head off a new round of tariffs later this week that should chew into global growth, squeeze earnings margins and drive down stock prices.
Trade negotiators are scheduled to meet this week in Washington, however latest tensions make it much less in all likelihood a deal will be agreed to before the Trump administration unleashes a new round of tariffs. Analysts say a deal is nevertheless possible, however the dangers have risen that there will be extra tariffs before a deal can be agreed, and it should then take a lot longer than expected for an settlement to be hammered out.