US EditionWall Street, other markets hold steady as US, China prepare to meet on trade
- U.S. And Chinese officials will meet in Switzerland on Saturday for their first trade talks since the escalating trade war began.
- This meeting follows months of rising tariffs initiated by President Trump, who recently suggested cutting Chinese import tariffs to 80% from 145%.
- Meanwhile, U.S. Stock markets showed modest gains Friday, with the S&P 500 up 0.4%, Dow Jones up 127 points, and Nasdaq up 0.7% amid an otherwise quiet week.
- Chinese exports grew 8.1% annually in April despite a 20% drop in shipments to the U.S., and major travel companies reported declines in U.S. Travel demand following tariff hikes.
- Investors and economists worry that without sufficient tariff reductions, the trade tensions could trigger a recession, though Trump expressed optimism about multiple forthcoming trade deals.
71 Articles
71 Articles
Stock markets hold steady ahead of US-China trade talks
NEW YORK — US stocks drifted through a quiet Friday as Wall Street and other markets closed an unusually calm week. The S&P 500 slipped 0.1 percent percent to finish the week with a modest dip of 0.5 percent. It’s the first week in seven where the index at the heart of many 401(k) accounts
The Tale of the Tariffs: Goodbye Britain, Hello China - Liberty Nation News
By Andrew Moran Could stability be returning to global financial markets? It was a quiet week on Wall Street as investors combed through the latest trade developments and concluded the frenzy caused by tariffs could fade to black. The US-UK trade agreement was ostensibly a blueprint for future deals with major US trading partners, striking a goldilocks zone […]
Ottumwa Courier
KOKIWall Street slips as it waits for a highly anticipated US-China meeting on trade
U.S. stocks are slipping as Wall Street heads toward the end of an unusually quiet week. The S&P 500 fell 0.3% and is on track to finish the week with a 0.7% dip. The Dow Jones Industrial Average fell 202…
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