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Stocks drop on report US could impose more tariffs on China

Stocks are getting hit in late afternoon trading as Trump preps more tariffs on China. Plus, Goldman gets back in the driver’s seat and upgrades beaten-down Ford. It’s the call of the day. And, Apple and Facebook will dominate the tech trade tomorrow. We have your tech block coming up. Plus, Jonathan Scott of Property Brothers talks the home renovation trade and his new online venture. Catch The Final Round at 3:30 ET p.m. with Yahoo Finance’s Jen Rogers, markets correspondent Myles Udland and our editor-in-chief Andy Serwer.

FILE – In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. China said Friday, Oct. 12, 2018 it is in contact with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world’s two largest economies. (AP Photo/Andy Wong, File)