Trade-sensitive stocks on ropes as uncertainty weighs [Reuters]
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Source: Reuters
Trade-sensitive stocks on ropes as uncertainty weighs (Reuters) - A week of worsening fears on Wall Street leading up to Washington’s increase on tariffs on Chinese goods has taken a toll on stocks that rely heavily on global trade. With U.S. President Trump saying he is in no hurry to sign a deal with China, the United States raised its tariffs on $200 billion in Chinese goods to 25% from 10% on Friday, rattling financial markets already worried the 10-month trade war between the world’s two largest economies could spiral out of control. China’s Commerce Ministry has said it would take countermeasures against the increase in U.S. tariffs. “Investors have been getting a little less bullish over the last week or so, and if China does decide to retaliate with tariffs, that’s when sentiment can take a dive,” said Matt Watson, portfolio manager at James Advantage Funds in Alpha, Ohio. (Graphic: U.S.-China tariff war and the S&P 500 - tmsnrt.rs/2WA1LWX After Trump said last Sunday he was r
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