US STOCKS-Wall Street drops as trade tensions spike

The Wall Street’s main indexes dropped on Friday, after the Montana Farm Bureau said Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks. The cancellation came as trade talks were held in Washington and U.S. President Donald Trump said he wanted a complete trade deal with the Asian nation, not just an agreement for China to buy more U.S. agricultural goods. “It doesn’t look like China would be openly willing to give concessions that the United States is looking for unless … there is some indication from the U.S. that there is some interest in taking those tariffs off,” said Liz Ann Sonders, chief investment strategist at Charles Schwab.

source https://finance.yahoo.com/news/us-stocks-wall-street-drops-181334614.html?.tsrc=rss

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