Losses on Wall Street deepen amid trade war worries

Losses on Wall Street deepen amid trade war worries

Losses on Wall Street deepen amid trade war worriesLosses on Wall Street deepened in late-morning trade on Thursday as the arrest of a key Chinese executive at the urging of the United States exacerbated trade war fears. The drops, which pushed both the Dow and S&P 500 into the red for 2018, came after the arrest of Huawei executive Meng Wanzhou in Canada for extradition to the United States in an investigation into suspected Iran sanctions violations by the telecom giant. The Meng arrest stirred tensions just as the United States and China agreed to a ceasefire in their trade spat while negotiators seek a deal within three months.