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Stocks Slide Over Worsening U.S.-China Trade Tensions

May 23, 2019

Tensions between the United States and China continued to weigh on global markets on Thursday, and Wall Street was expected to open lower.

Investors appeared to be reacting to a growing sense that the trade war between Washington and Beijing would continue indefinitely and, indeed was worsening. The Trump administration has blacklisted the Chinese telecommunications giant Huawei over security concerns, prompting Google and mobile carriers to suspend ties with Huawei.

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