Investor angst was fueled by the arrest of a Chinese executive that further threatened progress on trade, coupled with omens of a recession in the bond market and a steep drop in oil prices.

In morning trading, the Dow Jones industrial average fell more than 750 points, or 3.1 percent. ...

“Trump administration claim that there would be short-term pain associated with the tariffs to correct the wrongs now looks like it might be more of a long-term drag on investor and business confidence,” Chris Rupkey, chief financial economist of MUFG Union Bank wrote in a note to investors Thursday morning. “The odds of recession the next two years have risen dramatically, and if one does occur, it will be the Trump recession.”



