Stocks fall after report of Trump imposing new China tariffs

Stocks fell sharply on Thursday afternoon, following a Bloomberg report that President Trump will move forward with his plan for $200 billion worth of tariffs on Chinese goods, perhaps as soon as next week when the public comment period ends.

Why it matters: Stocks have had a relatively muted response to trade tensions, but this report — along with a looming deadline for the U.S. and Canada to strike an agreement — is giving investors anxiety.