🇺🇸

The Idea Of A Longer U.S.-China Trade War Hits Markets

Credit: Wochit
Published on May 21, 2019 - Duration: 00:40s

The Idea Of A Longer U.S.-China Trade War Hits Markets

According to Reuters, worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute.

Apple Inc shares fell 3.3 percent, hurt by a warning from HSBC that higher tariffs on Chinese goods would force the tech company to raise prices, with “dire consequences” on demand for its products.

Advertisement

You are here

Recent related videos from verified sources

Trump and Xi will meet at G20 summit 01:14
Credit: Reuters - Business (Amazon FireT - Published 1 day ago 

U.S., China Rekindle Trade Talks 00:30
Credit: Wochit - Published 1 day ago 

Demand Worries Hurt Oil 00:50
Credit: Wochit - Published 1 week ago 

Stocks Snap Long Win Streak 00:35
Credit: Wochit Business - Published 1 week ago 

You might like