US stocks dropped lower after President Donald Trump's remarks about potential tariff increases on imports from China. Timothy A. Clary/AFP/Getty Images New York —

US stocks dropped lower Friday after President Donald Trump threatened to hike tariffs on US imports from China, reigniting fears of a trade war that rocked global markets earlier this year.

The Dow was down 386 points, or 0.84%, after dropping as much as 500 points. The broader S&P 500 fell 1.2% and the tech-heavy Nasdaq Composite fell 1.6%.

Trump said in a social media post he is considering a “massive increase” in tariffs on imports from China, adding “There is no way that China should be allowed to hold the World ‘captive’” over rare earth exports.

His latest threat stems from accusations that China is imposing

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