Published: Fri, December 06, 2019
Markets | By Otis Pena

Trump stuns Wall Street, foreign capitals with new trade fights

Trump stuns Wall Street, foreign capitals with new trade fights

At a press conference in Beijing on Thursday, Ministry of Commerce spokesman Gao Feng again said that if the two sides agreed on an interim trade deal, "tariffs should be reduced accordingly", the paper reported.

"Once the election occurs-and the president seems to be in very good shape for the election-once it occurs and he's back in, now that's no longer a distraction that can detract from our negotiating position", he added.

The US and China are continuing talks to hammer out a "phase one" agreement. The Trump administration has threatened to impose tariffs on more Chinese imports starting that day.

All three major stock indexes stepped further away from last week's record highs that were fueled by hopes that an interim deal between the United States and China was in the offing.

Trump has tried to make the case that he supports both Xi and the Hong Kong protesters, expressing confidence that they could work out a deal.

Patrick Ewing says Georgetown players 'given no special treatment'
Akinjo, a 6-foot-1 sophomore from Oakland, is no longer on the Hoyas' roster, according to a Georgetown release Monday night. On Thursday, the Hoyas will travel to Oklahoma to take on the Oklahoma State Cowboys; LeBlanc will not be with them.


U.S. President Donald Trump announced Monday that he will "restore" tariffs on steel and aluminum imported from Brazil and Argentina.

Investors and manufacturers alike have been hoping that the USA and China might resolve this issue, which has slowed economic growth on a global scale.

The trade negotiations with China, the president declared, are at a "critical stage". China is demanding the USA scrap some of its duties.

"If nothing happens between now and then, the president has made quite clear he'll put the tariffs in - the increased tariffs", Ross said on Fox Business Network.

The regime also announced unspecified sanctions against at least five USA -based non-profit organizations, saying that they "played an egregious role in the Hong Kong amendment bill disturbance" and were "much to blame for the chaos in Hong Kong". "In some ways I like the idea of waiting until after the election for the China deal", he said from London, where he is attending a North Atlantic Treaty Organisation summit. Later on, France's finance minister said the European Union was ready to retaliate.

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