Global stocks fell as an escalation in commercial tensions between the U.S. and China cast fresh doubt on growth prospects
Global stocks and government bond yields fell as a new escalation in commercial tensions between the world’s two largest economies cast fresh doubt on growth prospects.
On Friday, China said it would impose retaliatory tariffs on additional U.S. products. President Trump said he would lift levies on Chinese goods in response. The news helped send bond yields, U.S. stocks, and commodity prices lower, while a widely watched gauge of volatility rose.
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