US stocks are tumbling on US-China jitters as Trump signals trade-war tariffs are just getting started | Markets Insider

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US stocks are tumbling on US-China jitters as Trump signals trade-war tariffs are just getting started | Markets Insider
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One word rescued the stock market from disaster on Friday

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Reuters

The stock market started rebounding after Treasury Secretary Steven Mnuchin said trade talks with China were"constructive."All it took was one word to rescue the stock market from disaster: constructive. "Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products," Trump wrote in a series of tweets early Friday morning."The process has begun to place additional Tariffs at 25% on the remaining 325 Billion Dollars."

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