[ad_1]
the Dow (UNDUE) was down about 100 points when trading started. the S & P 500 (SPX) and Nasdaq (COMP) are also in the red, both down 0.4%. The S & P and Nasdaq have closed down for four days.
US stocks are on their way to their worst week of the year, according to Refinitiv. The Dow fell 2.9%, its worst performance since the week ended December 21st.
According to the latest development of the niche market between China and the United States, US customs duties on Chinese goods worth $ 200 billion increased from 10% to 25% at 12:01 pm ET Friday.
Beijing expressed "deep regret for development" and reiterated that retaliatory sanctions were possible.
In the middle of all this, Vice Premier Liu He arrived in Washington on Thursday for the last round of talks. President Donald Trump tweeted that the negotiations continue "in a very friendly way", but also pronounced in favor of its pricing strategy.
Trump also said "the process began to set additional rates at 25% of the remaining $ 325 billion of property.
The markets have gone wild this week, as investors had assumed that a trade deal between the two largest economies in the world was near. Instead, tensions have escalated further.
Goldman Sachs analysts said on Thursday that the new tariffs do not affect goods already in transit, leaving negotiators with a short delay before they actually take effect. This week's talks are therefore considered crucial to return to the path of agreement.
Global stocks rebounded after their earlier losses of the week. European stock markets were in the green and Asian stocks closed higher, Shanghai Composite Index (SHCOMP) finish up to 3.1%.
[ad_2]
Source link