US Stock Market Overview - Stocks Slide on US-China Trade Concerns

At a press conference in Beijing on Thursday, Ministry of Commerce spokesman Gao Feng again said that if the two sides agreed on an interim trade deal, "tariffs should be reduced accordingly", the paper reported.

Trump suggested that in some ways, it might be better to wait until after the US presidential election next November.

Trump on October 11 announced a "very substantial phase one deal" but the two sides have struggled since then to formalize any agreement in writing.

On Dec. 2, Trump reinstated tariffs on steel and aluminum from Brazil and Argentina in response to recent currency devaluation in those countries, which were negatively impacting American farmers, he said.

"In some ways, I like the idea of waiting until after the election for the China deal". "The China trade deal is dependent on one thing: Do I want to make it?"

US President Donald Trump said on Wednesday that trade talks with China were going "very well", sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 USA presidential election.

Biden Campaign's "World Is Laughing at Donald Trump" Video Wins Viral Moment
Others warned the ad would only inspire a similar video from the Trump campaign centred on Mr Biden's numerous gaffes. But less than an hour after Air Force One delivered Trump back to the US on Wednesday night, Biden dropped his ad.

Renewed US-China trade optimism capped any strong move up.

President Donald Trump is sending shock waves from Wall Street to Washington and foreign capitals by dialing up his trade war around the world - after spending the past two months retreating from its various fronts.

National Economic Council Director Larry Kudlow discusses the pressure on President Trump to achieve a phase one China trade deal.

A steady string of global firms, including Apple, Dell, Google, Amazon, toymaker Hasbro have announced plans to shift part of their US bound production from China to neighboring countries, such as Vietnam, Malaysia, and Bangladesh.

He said later on Bloomberg TV that Trump basically likes what he sees in the current talks. And his administration separately said it is considering new levies on a range of French goods in retaliation for a new digital tax.

Earlier on Monday, Trump said the Hong Kong legislation didn't help trade negotiations with the regime. "In some ways I like the idea of waiting until after the election for the China deal", he said from London, where he is attending a North Atlantic Treaty Organisation summit.

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