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Wall Street drops on trade woes, moderate retail sales data

Reuters 

By Medha Singh(Reuters) - U.S. stock index futures dropped on Tuesday as investors were worried about a lack of progress in U.S.-China trade talks and assessed U.S. retail sales data that showed moderate gains last month.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. 18:56 IST
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