Dow eliminates gains after the report states that Trump wants to proceed with tariffs of $ 200 billion in China

US stocks erased gains Friday after a report that President Donald Trump still wanted to impose tariffs on China, despite recent suggestions that tensions between Washington and Beijing would ease. Dow Jones Industrial

DJIA, -0.18%

down 60 points, or 0.2%, to 26,085, the S & P 500 index

SPX, -0.17%

fell 0.2% to 2,897, while the Nasdaq Composite Index

COMP -0.29%

yielded 0.4% to 7,986. The top three benchmarks were slightly higher before the report. Bloomberg reported that Trump had asked his team to charge about $ 200 billion more in Chinese products, despite recent attempts by Treasury Secretary Steven Mnuchin to restart negotiations with Chinese officials. The drop in inventories comes even after equity moves rocked a late-morning report that Paul Manafort, former Trump campaign chairman, pleaded guilty to two criminal charges on Friday and reportedly cooperated in an extensive investigation into the elections of 2016.

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