Stocks Slide As Mnuchin Warns “Will Take Time To Scale Up” China Ag Buys

E-mini Dow futures are starting to slide as Steven Mnuchin says in a Reuters interview that “China purchase commitments for US agriculture goods will ‘take some time to scale up’ to $40-50 billion in annual targets.

Here’s the complete list of headlines: 

• MNUCHIN SAYS CHINA PURCHASE COMMITMENTS FOR U.S. AGRICULTURAL GOODS WILL ‘TAKE SOME TIME TO SCALE UP’ TO $40-50 BLN ANNUAL TARGET-REUTERS INTERVIEW 
• MNUCHIN SAYS AGRICULTURAL TARGETS IN ‘PHASE 1’ TRADE DEAL BASED ON CHINESE COMMITMENTS TO BUY SPECIFIC PRODUCTS
• MNUCHIN SAYS ‘ENCOURAGED’ BY CHINESE VICE COMMERCE MINISTER’S COMMENTS ON PLANNED MARKET OPENINGS, REMOVAL OF CERTAIN INVESTMENT RESTRICTIONS
• MNUCHIN SAYS CHINESE VICE COMMERCE MINISTER’S PLEDGES TO FULLY OPEN FINANCIAL SERVICES MARKET, ELIMINATE FORCED TECHNOLOGY TRANSFERS ARE ‘CONSISTENT WITH OUR AGREEMENT’ FOR PHASE 1 TRADE DEAL 
• MNUCHIN SAYS NO TRIP PLANNED TO BEIJING FOR MORE IN-PERSON TALKS, SAYS PHONE CALLS HAVE BEEN PRODUCTIVE AND WILL CONTINUE
• MNUCHIN SAYS NOT AT POINT OF MAKING RECOMMENDATION TO TRUMP ON DISPOSITION OF SCHEDULED DEC. 15 TARIFFS ON CHINESE GOODS
• MNUCHIN SAYS CHINA FINANCIAL SERVICES MARKET OPENINGS NOT BASED ON ANYTHING NEGOTIATED DURING OBAMA-ERA BILATERAL INVESTMENT TREATY TALKS