China Ratchets Up Trade Tension With US
US President Donald Trump with China’s President Xi Jinping on November 9, 2017 in Beijing.
Photographer: Thomas Peter-Pool/Getty Images
Good morning. China accuses the US of breaching their trade truce. Russia and Ukraine ramp up attacks before peace talks. And some good news for cancer patients. Listen to the day’s top stories.
Well, that tariff thaw didn’t last long. China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate call between leaders—which President Trump wants. Increasing prospects of an extended trade war undermined equity futures and the dollar as the trading week began.