The US Wall Street market fell after showing positive gains yesterday following good talks between the US and China.
Major stock indexes fell as US President Donald Trump said he would impose tariffs on major trading partners in the next two weeks.
The S&P 500 index fell 0.1%, the technology-focused Nasdaq slid 0.50%, while the Dow Jones was flat.
Trump said he would send letters to major US trading partners outlining trade tariffs by a July 9 deadline as a step towards launching a trade deal with his administration.
Trump signaled he would continue with the high tariff plan after announcing a 90-day reprieve in April, although he said there was no need for an extension on July 9.
A US appeals court has allowed the tariffs imposed by Trump to remain in effect while the Court of International Trade reviews the ruling.
Trump confirmed the US is moving personnel from the East due to concerns over escalating military tensions with Iran, after nuclear talks broke down with a two-month deadline set this week.
In other news, shares of electric vehicle (EV) maker Tesla rose 0.1% after CEO Elon Musk expressed regret over negative media coverage of Trump that had caused tensions between them.
Investors are now paying attention to the US-China talks after the two countries held two days of talks in London.
US stock market volume recorded $18.9 billion compared to a 20-day average of $17.8 billion.
