US-China Trade Talks Stall
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China, Hegseth and Asia
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China’s factory activity contracts for 2nd month in row
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Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,
President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.
Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),
President Trump says China is violating a recent trade deal and he's done being 'Mr. Nice Guy.' A temporary agreement was struck two weeks ago amid a growing trade war. The deal called for reductions of massive retaliatory tariffs on both sides for 90 days.
China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.
US president Donald Trump on Friday again raised tensions amid the ongoing tariff war with China, attacking Beijing for \"totally violating its agreeme.
General Motors halts US vehicle exports to China amid tariff tensions despite a recent 90-day pause in wrangling.
Gold declined and the dollar advanced as traders assessed US data on consumer spending, the flow of imports and renewed trade tensions between America and China. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks,