Did Trump talk bluster or was he hinting that China talks collapsing? Either way, stock futures slump

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Associated Press

U.S. President Donald Trump meets NATO Secretary General, Jens Stoltenberg at Winfield House in London, Tuesday, Dec. 3, 2019.

President Donald Trump on Tuesday made some incendiary comments about the prospect of reaching a deal with China. Whether they reflect the U.S. stance or just Trump’s penchant for trying to negotiate a better outcome, remains to be seen.

Here’s what Trump said at a London news conference: “A China trade deal is dependent on one thing — do I want to make it.”

Later, he added: “I have no deadline, no. In some ways, I think it’s better to wait until after the election if you want to know the truth. But I’m not going to say that, I just think that.”

Stock futures turned lower on the remarks, with Dow industrials futures YM00, -0.32%   losing over 100 points.

There is a Dec. 15 deadline before a further tariff increase on Chinese goods is set to be imposed.

The Dow DJIA, -0.96%  lost 268 points on Monday after Trump said he would re-introduce steel tariffs on Brazil and Argentina because their currencies have dropped. Weak manufacturing data also weighed on the market.