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U.S.-China Trade War Escalation Sparks Recession Fears

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According to Reuters, Global equities fell on Monday after their worst week of 2019 as hopes of an imminent U.S.-China trade deal were crushed, raising fears of a fresh round of tit-for-tat tariffs. The impasse left investors bracing for retaliation by China for Washington’s increase on Friday of tariffs on $200 billion worth of Chinese goods. The move followed accusations by U.S. President Donald Trump that Beijing had reneged on earlier commitments. Escalation could tip the U.S.

Added on the 13/05/2019 10:01:06 - Copyright : Wochit

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