Stocks slide as Trump’s China trade threat reverberates - News Summed Up

Stocks slide as Trump’s China trade threat reverberates


Seeking to ramp up pressure on China for more concessions, Trump threatened in two tweets to more than double tariffs on $200 billion of Chinese goods and impose a fresh round of duties on top of that. Talks to resolve the year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to fully respond. China’s foreign ministry said that officials were still planning to travel to the U.S. for the next round of negotiations, but it was unable to confirm when amid signs that a delay is now being considered.


Source: Los Angeles Times May 06, 2019 13:25 UTC



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