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Wall Street drops on concerns over U.S.-China trade woes, rising inflation

Reuters 

By Medha Singh(Reuters) - U.S. stocks slipped on Tuesday after the latest retail sales data indicated rising inflation and pushed up Treasury yields, while trade worries lingered with no signs of progress in U.S.-China talks.The United States and China are still "very far apart" on resolving trade frictions, U.S. Ambassador to China Terry Branstad said, as a second round of high-level talks were set to begin in Washington.Adding to the trade woes, Mexico's economy minister Ildefonso Guajardo said he does not expect to meet a deadline this Thursday to reach a new North American Free Trade ...

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First Published: Tue, May 15 2018. 21:37 IST
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