china: The volatility put a spotlight on doubts about Trump's ability to deliver on his promises with China -- and exposed a clash between his policy goals in China and his efforts to crack down on technology companies and other actors, according to CNN. The Dow crashed by as much as 785 points before recovering on Thursday. Instead, the detention of Chinese tech giant Huawei's chief financial officer, Meng Wanzhou, in Vancouver, British Columbia, triggered a market meltdown Thursday amid uncertainty about whether President Donald Trump can strike a lasting trade deal with Beijing. It had slipped nearly 800 points earlier this week on investor concerns about the status of the trade talks. Trump changes his tone on China deal after market slide Markets were already nervous before this arrest information came out, said David Dollar, a senior fellow in the John L. Thornton China Center at the Brookings Institution who was an economic and financial emissary to China for the Treasury Department under President Barack Obama. The drop came despite clear statements from Beijing indicating that President Xi Jinping intends to move ahead with the trade talks as planned.
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