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Global markets are in rally mode after several days of heavy selling, and are seeing a boost following a Wall Street Journal report suggesting President Donald Trump and Chinese President Xi Jinping could meet in November at a multinational summit to discuss trade issues.
A trade war between the US and China has been heating up this year, with the US levying tariffs on $250 billion of imported goods from China and China retaliating with tariffs on $110 billion of US goods.
As trade tensions between the world's largest economies continue to escalate, the US has warned China not to weaken its currency as an alternative to tariffs.
Apple shares dropped 3% Friday afternoon after the hedge fund billionaire David Einhorn told CNBC he sold his shares amid concerns of an escalating trade war between the US and China.
Trump reportedly told donors Canada’s chief NAFTA negotiator ‘hates America’ days before sealing the new trade deal
President Donald Trump said Chrystia Freeland, Canada's Foreign Minister and the country's top trade negotiator, "hates America" during a private fundraiser just days before the US and Canada agreed to a new trade deal.
Stocks were mostly higher Monday, paring some earlier gains, after the US reached a trade deal with Mexico and Canada. The dollar and Treasury yields jumped.
Officials reached a breakthrough on the US-Mexico-Canada Agreement in 11th-hour negotiations Sunday night, calming fears that the trilateral deal could be scrapped when a self-imposed deadline hit hours later. But some say the new deal doesn't look very different from NAFTA.
Trump lashes out at ‘babies’ complaining about tariffs, which he says led to the massive new trade deal with Canada and Mexico
President Donald Trump attacked those complaining about the economic impact of tariffs, including members of Congress, calling them "babies." Many economists say the tariffs will harm the US economy.
Tensions between the US and China are escalating to ‘dangerous’ levels as talks break down and military activity increases
Tensions between the US and China have been escalating in recent weeks as the two sides battle it out over a wide range of issues, and military activity is on the rise as talks between Washington and Beijing break down.
US, Canada reach an agreement on NAFTA rewrite, paving the way for an overhaul of the massive trade deal
US and Canadian negotiators reportedly reached a deal to settle key issues as part of a renegotiation of the North American Free Trade Agreement, or NAFTA. The deal paves the way for a full overhaul of the US-Mexico-Canada trilateral trade agreement.