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US stocks set to get battered again as abandoned Trump-Xi meeting reignites trade-war uncertainty

US stocks set to get battered again as abandoned Trump-Xi meeting reignites trade-war uncertainty

February 8, 2019

President Trump’s suggestion that he won’t meet Chinese Premier Xi Jinping before a crucial March 1 trade war deadline has pounded US markets amid fears of tariff escalation.

The President shook his head when reporters asked about the chances of a meeting sending global equities lower as hopes of an early trade deal between the two countries diminished.

Selling was triggered after White House economic advisor Larry Kudlow said on Fox on Thursday that “there is a pretty sizeable distance to go” to achieve a deal.

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