U.S. government debt prices were higher Friday morning, as investors turned cautious over trade developments between the U.S. and China.
, threaten to torpedo efforts to end a protracted trade dispute between the U.S. and China.
China's Ministry of Foreign Affairs responded to the move by accusing the White House of having "sinister intentions," before adding it would take "firm counter measures" if the U.S. continued to interfere in Hong Kong. It is thought the episode could dash hopes of Washington and Beijing reaching a so-called "phase one" trade deal, which had moved markets higher earlier in the week.
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.Related Tags
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