Despite Trump’s ‘Deals,’ Trade War Is Still On
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The Asia-Pacific Economic Cooperation (APEC) grouping warned on Thursday that exports in the region will barely grow this year amid U.S. tariffs, as the 21-member bloc kicked off an annual gathering of its trade ministers.
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Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
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There’s more to Monday’s soaring stocks than the pause in crushing China tariffs.
Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
The president and his team have backed down from their sharp rhetoric as they search for trade deals that could lower tariffs.
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
Japanese investors snapped up foreign stocks for an eighth straight week, as progress in U.S. trade negotiations and easing concerns over the global economic impact of a trade war lifted investor sentiment.