US President Donald Trump and Chinese leader Xi Jinping agreed a 90-day truce in their trade dispute.
The ongoing trade tensions between the world's two largest economies and tit-for-tat tariffs have adversely affected the fortunes of many European companies in China, a new survey reveals. The outlook remains gloomy.
US businesses in China are increasingly worried about the trade conflict between the US and China. They are bearing the brunt of tariffs and non-tariff barriers adopted in recent months, a new survey said.
US stock markets were down more than 2% after China announced retaliatory tariffs on US goods. Earlier, stocks also fell in Europe and Asia as the US-China trade war escalated.
China said the move was a "response to US unilateralism." Recent talks to end the trade spat between the world's two largest economies ended without a breakthrough last week.
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