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Stock impact report

Trump's trade war olive branch met with derision and mistrust inside China [CNN]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: CNN
On Tuesday, Trump told reporters at the Oval Office the astronomical tariffs on Chinese goods will “come down substantially.” He even promised to eschew hardball tactics, vowing to be “very nice” at the negotiating table and pledged not to mention the origins of the Covid-19 pandemic. But Beijing has remained unmoved by the overtures. Instead, it has demanded Trump remove all tariffs on China. “As the saying goes, ‘He who tied the bell must untie it,'” He Yadong, a spokesperson for China's Commerce Ministry, told reporters Thursday. “The unilateral tariff hikes were initiated by the US. If the US truly wants to resolve the issue, it should heed the rational voices of the international community and its own domestic stakeholders, fully remove all unilateral tariff measures against China, and find a way to resolve differences through equal dialogue,” he added. Chinese officials also denied the two sides are speaking. Trump told reporters on Wednesday there were direct talks bet Show less Read more
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