Stocks moved lower midday on Friday on a Bloomberg report that the Trump administration is considering broadening tech sanctions on China. This comes after President Donald Trump said China has “totally violated” its trade agreement with the United States,

President Donald Trump said Friday that he will no longer be “Mr. NICE GUY” with China on trade, declaring in a social media post that the country had broken an agreement with the United States.

President Donald Trump has accused China of violating its preliminary trade agreement with the United States agreed on May 12.