Stocks in Asia and the US after up after a report in the Wall Street Journal suggested that US President Donald Trump may be ready to lift some or all of the tariffs imposed on Chinese imports.
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.
Google is suspending some services for Huawei smartphones after the Chinese company was placed on a US trade blacklist. The move effectively bars Huawei from making phones and tablets for sale outside China.
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.
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