Stocks are stabilizing on Wall Street following a huge slump a day earlier when worries about an escalating trade conflict between the U.S. and China rattled investors. Energy companies rose along with the price of crude oil. Markets fell in Europe and Asia.
Investors around the world remain worries about the possibility of greater tensions and less trade between the two largest economies in the world.
The Chinese government said it might place tariffs on a $3 billion list of U.S. goods in response to the steel and aluminum tariffs President Donald Trump announced earlier this month. Those goods include pork, apples, and steel pipes.