China is raising tariffs on $60 billion of US goods starting June 1

China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods, the Chinese Finance Ministry said Monday.

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Dow futures point to more than 200-point decline at Monday’s open

American stock indexes are set for a rough start to Monday, futures contracts showed.

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EU trade chief sees possible extension to May 18 deadline for U.S. car tariffs: Newspaper

European Trade Commissioner Cecilia Malmstroem expects U.S. President Donald Trump to delay a May 18 deadline for U.S. tariffs on cars imported from the European union, according to an interview published in the Sueddeutsche newspaper on Monday.

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Trump Increases China Tariffs as Trade Deal Hangs in the Balance

President Trump escalated his trade war with China on Friday morning, raising tariffs on $200 billion worth of Chinese goods and taking steps to tax nearly all of China’s imports as punishment for what he said was Beijing’s attempt to “renegotiate” a trade deal.

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US futures point to a lower open as trade tensions continue

U.S. stock index futures were lower on Thursday morning, as market participants continued to monitor trade relations between the U.S. and China.

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China backtracked on nearly all aspects of U.S. trade deal – Sources

The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.

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