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https://www.washingtonpost.com/busi...60ce2a8148f_story.html?utm_term=.97fc34732992
The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal.
Investors, who had applauded the deal on Monday, turned sharply negative Tuesday. In midday trading, the Dow Jones industrial average had dropped more than 800 points or about 3 percent. The Standard and Poor’s 500-stock index and tech-heavy Nasdaq were also down about 3 percent.
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The stories about this trade deal with China keeps changing. This is not surprising considering the fact that Trump keeps changing his version of reality.
The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal.
Investors, who had applauded the deal on Monday, turned sharply negative Tuesday. In midday trading, the Dow Jones industrial average had dropped more than 800 points or about 3 percent. The Standard and Poor’s 500-stock index and tech-heavy Nasdaq were also down about 3 percent.
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The stories about this trade deal with China keeps changing. This is not surprising considering the fact that Trump keeps changing his version of reality.