The Dow falling back below 26,000 today

U.S. stocks snapped a four-day winning streak to finish lower Thursday, with the Dow falling back below 26,000, on a report that President Donald Trump is likely to press ahead with tariffs against $200 billion worth of Chinese products.

Trade-related news has played a central role in the market recently amid worries that heightened tensions between U.S. and its major trading partners could not only hamper U.S. economic growth but derail the global economy at large.

Stocks closed lower on Thursday, Aug. 30, as reports emerged that President Trump wants to go ahead with tariffs on $200 billion in imports from China next week.

Public comment on the proposed tariffs is set to end Wednesday, and Trump is anxious to implement them as soon as possible, Bloomberg reoprted, citing unnamed sources.

With Canada back at the negotiating table this week ahead of a deadline of Friday, Aug. 31, set by Trump to reach an agreement that would overhaul the current arrangement with the three North American economies, investors have grown concerned that trade talks with China have moved further down on Trump’s agenda.