China is considering cutting natural gas purchases from the U.S. in its tit-for-tat on trade, according to the South China Morning Post.
Treasury Secretary Steven Mnuchin said nothing is scheduled yet for the U.S. to go to Beijing for the next round of trade talks.
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.
Shares of chipmakers rebound from a sell-off after the U.S. temporarily eases some trade restrictions on China's Huawei.
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.
These are the stocks posting the largest moves midday.
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.
New tariffs kicked in at midnight just as the markets had feared, but stocks are hanging in there just fine.
The Dow fell as much as 358 points at one point in the trading day, but recovered on comments from the White House.
"Small caps are most sensitive to overall economic growth," said founder of Sevens Report Research.