Traders sent stocks higher on Friday on renewed hopes of de-escalation in the US-China trade war.
President Donald Trump and Chinese counterpart Xi Jinping are set to meet on Saturday in a high-stakes encounter that could determine whether the US follows through on its threat to extend tariffs to virtually all Chinese goods. “I think we have a very good chance” of doing “something,” Trump told reporters at the G-20 summit in Japan, according to Bloomberg.
