U.S. stock futures rise as Xi cools trade war fears
U.S. stock index futures rose more than a percent on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
U.S. stock index futures rose more than a percent on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
China hit back quickly on Wednesday against the Trump administration’s plans to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals.
China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March.
What will be only the third-ever such meeting was announced on Thursday when senior officials from the two Koreas met. The announcement comes a day after news emerged of discussions between Mr Kim and Chinese President Xi Jinping.
After days of speculation, it has been confirmed that North Korea's leader Kim Jong-un did pay a visit to Beijing.
China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods moved the world’s two largest economies closer to a trade war.
Chinese President Xi Jinping warned self-ruled Taiwan on Tuesday that it will face the “punishment of history” for any attempt at separatism, offering his strongest warning yet to the island claimed by China as its sacred territory.
China’s largely rubber-stamp parliament on Saturday unanimously re-elected Xi Jinping as the country’s president.