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Wall Street cuts losses as Larry Kudlow promises China trade talks

Wall Street dropped sharply at the open on fears of an escalating trade war between two countries after Trump threatened to slap an additional $100 billion in tariffs on Chinese goods

Reuters 

US stocks recouped some losses on Friday morning after President Donald Trump's top economic adviser Larry Kudlow said negotiations between the United States and China over trade differences would start soon. Wall Street dropped sharply at the open on fears of an escalating trade war between two countries after Trump threatened to slap an additional $100 billion in tariffs on Chinese goods and Beijing warned it would fight back "at any cost" with fresh trade measures. Kudlow said on told Bloomberg TV that while trade talks with China have not yet begun but will ...

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First Published: Fri, April 06 2018. 19:47 IST
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