Trump defends trade spat with China

World stock markets hovered near two-month lows yesterday, although slightly more optimistic comments from US and Chinese officials on trade brought some comfort a day after equities suffered their worst sell-off so far this year.

He has also threatened further duties of up to 25 per cent on a further US$300 billion worth of Chinese imports. "We are in a much better position now than any deal we could have made," he said, part of 10 tweets addressing the China talks, including a suggestion that the US Federal Reserve tie interest rates to China's if Beijing lowers rates.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump defends China trade battle, vows deal will happenU.S. President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle. In a string of early-morning tweets, Trump kept up his 'America
Source: YahooSG - 🏆 3. / 71 Read more »