The price of oil remained under pressure, while stocks were stable as investors sought clues about the coronavirus pandemic’s mounting impact.
Author: Joe Mcdonald, Associated Press
China’s economic activity weakens amid tariff war with US
China’s factory output and consumer spending weakened in April as the U.S.-China trade war over tariffs intensified.
China accuses US of trying to block its tech development
China is accusing the U.S. of interfering with its tech industry by alleging that Chinese telecom gear poses a cybersecurity threat.
China promises prompt tariff cease-fire with Washington
Talks during the 90 day period during which President Donald Trump has agreed to suspend U.S. tariff hikes will start by focusing on farm goods, energy and automobiles, said a Ministry of Commerce spokesman, Gao Feng.
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