New York (CNN Business) Evidence is mounting that the US-China trade war is dealing a blow to the American stock market. President Donald Trump has in the past cheered the weak Chinese stock market as a sign that his trade war is working. The trade war, coupled with China's underlying slowdown, is wreaking havoc in both countries." Ian Shepherdson, chief economist at Pantheon MacroeconomicsIn other words, Trump's trade war is helping to further unravel the Trump rally. Of course, the trade war is not the sole reason China is slowing.

Source: CNN January 03, 2019 19:29 UTC