U.S. stock indexes hit their lowest level of a downbeat session on Monday afternoon after President Donald Trump said an announcement on trade with China would come after the regular close of trading. The Dow Jones Industrial Average DJIA, +0.93% gave up about 112 points to 26,043, the S&P 500 index SPX, +0.99% fell 0.6% at 2,888, while the Nasdaq Composite Index COMP, +1.16% retreated by 1.4% at 7,895. The declines followed a late-afternoon comment from Trump during a brief with reporters. "We're going to be announcing something and it will be a lot of money coming into the coffers of the United States of America," he said. China said it may decline a White House offer for renewed trade talks if President Donald Trump carries out the tariff threat. "China is not going to negotiate with a gun pointed to its head," a senior Chinese official told the Wall Street Journal. The Journal reported that Wall Street Journal reported that the Trump administration plans to announce new tariffs of around 10% on $200 billion worth of Chinese products on top of billions of dollars of tariffs that have already been levied.