Asian and European stocks rallied on Friday after Trump received a"beautiful letter" from China's leader and called for cooperation on a trade deal.Trump's decision to go"all in" has raised the stakes, the likelihood of retaliation from China, and the risk of talks breaking down, said one analyst.
Equities rose despite the Trump administration's increase in tariffs from 10% to 25% on $200 billion of Chinese goods, which took effect on Friday morning. The duties span more than 5,700 product categories, from soy sauce to rat poison and televisions to mattresses,"Trump was true to his word, and there is no can kicking," said Neil Wilson, chief market analyst for Markets.com."This marks a sharp escalation in the trade spat, but it's not gone nuclear yet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Too bad trump lies about everything.
🤣🤣🤣 the markets are a complete joke
Trump got 2 letters 1)Kim “love letter” and 2)Xi “beautiful letter”. Asian languages are highly emotional even when translated. Actions speak louder than words. Best if consistent.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Stocks’ Losses Ease Despite Intensified China Trade TensionsU.S. stocks erased most of their losses, easing from session lows after heightened anxiety over the U.S.-China trade spat pressured major stock indexes. Thank you for your service RampCapitalLLC. NO DEAL unless with China unless US can get a good free trade deal --- for both sides. 250 points is still slightly?
Source: WSJ - 🏆 98. / 63 Read more »
How to trade stocks as Trump threatens China with new tariffsThis is how to trade stocks as Trump threatens China with new tariffs, according to TheAroraReport
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks in Australia set to rise; US-China trade tensions escalate againU.S. President Donald Trump said in a tweet Sunday afternoon that the current 10% levy on $200 billion worth of Chinese goods will rise to 25% on Friday. He also threatened to impose a 25% tariff on an additional $325 billion of Chinese goods 'shortly.' This is great news. Supply chain moving needs a nudge. . PUTINtrump2020 GOP = GobblingOrangePoop .
Source: CNBC - 🏆 12. / 72 Read more »
Stocks extend losses as U.S.-China trade spat lingersU.S. stock indexes opened lower on Wednesday, extending recent declines as trade tensions between the U.S. and China show no signs of easing. The Office of...
Source: MarketWatch - 🏆 3. / 97 Read more »
Global stocks slip, bonds rally as U.S.-China trade fears growAsian equities tracked Wall Street's slide on Wednesday as the latest devel...
Source: Reuters - 🏆 2. / 97 Read more »
Stocks open lower as U.S.-China trade tensions intensifyStocks opened with losses Thursday as trade tensions between the U.S. and China appeared intensified. The S&P 500 fell 22 points, or 0.8%, to 2,857,...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks slide sharply at the open amid reignited U.S.-China trade fearsU.S. stock market benchmarks slumped at the opening bell on Monday after President Donald Trump, unhappy with the pace of progress in recent trade talks,...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks rattled a second day as U.S.-China trade tensions festerThe market volatility has been ignited by weekend tweets from President Trump that shook up trade negotiations with China. Buy baby buy Has POTUS taken credit yet? nekokumicho Make up your mind.
Source: washingtonpost - 🏆 95. / 72 Read more »
Asia Pacific stocks set to slip amid renewed US-China trade tensionsStocks in Asia were poised to slip at the open on Tuesday amid renewed trade tensions between the U.S. and China. You call tension a 150percent increase on what import taxes used to be. Euphemistic! Excuses excuses, Xi has already blinked. What are you guys prepping to cover up/make excuses for?
Source: CNBC - 🏆 12. / 72 Read more »
Fresh Trade Tensions Upend Market CalmStocks around the world dropped after the sudden intensification of U.S.-China trade tensions, sowing fears the conflict could spill over into slower economic growth. Get your cash ready, things are about to get discounted... Thanks realDonaldTrump maggieNYT As dark as it is, I find myself hoping for a recession just so we can get a reset on all this plutocratic fuckery that goes on.
Source: WSJ - 🏆 98. / 63 Read more »