Wall St. Surges as Trade War Fears Cool
- 6 years ago
Wall St. Surges as Trade War Fears Cool
The United States asked China in a letter last week to slash tariffs on U. S. autos, buy more U. S.-made semiconductors
and give U. S. firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday.
Chinese Premier Li Keqiang said on Monday the country would treat foreign
and domestic firms equally, not force foreign firms to transfer technology and would strengthen intellectual property rights, repeating promises that have failed to placate Washington.
Stock markets were gripped by fears of a global trade war after President Donald Trump last week moved to impose tariffs on Chinese imports
of up to $60 billion, adding to the import restrictions he has already placed on solar panels, steel and aluminum among others.
(Reuters) - U. S. stocks rose across the board on Monday as fears about a trade war between the United States and China eased following reports
that the two countries were willing to negotiate tariffs and trade imbalances.
OANDA wrote that There are some tentative signs that fears of an escalation of trade tensions are beginning to ease,
The United States asked China in a letter last week to slash tariffs on U. S. autos, buy more U. S.-made semiconductors
and give U. S. firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday.
Chinese Premier Li Keqiang said on Monday the country would treat foreign
and domestic firms equally, not force foreign firms to transfer technology and would strengthen intellectual property rights, repeating promises that have failed to placate Washington.
Stock markets were gripped by fears of a global trade war after President Donald Trump last week moved to impose tariffs on Chinese imports
of up to $60 billion, adding to the import restrictions he has already placed on solar panels, steel and aluminum among others.
(Reuters) - U. S. stocks rose across the board on Monday as fears about a trade war between the United States and China eased following reports
that the two countries were willing to negotiate tariffs and trade imbalances.
OANDA wrote that There are some tentative signs that fears of an escalation of trade tensions are beginning to ease,